Is this a semi-common investment strategy for buying cheaper houses in urban areas?

So you might find out what your competitors (title search companies) are charging.

Huge news story here about charges against top Enron executives.The prosecutors have got to be feeling pretty good right about now... they got almost all of the big fish and they got them for huge crimes.

Can you charge pts?

then when you are ready to have them do the work you already know who charges what.Or if you just need to estimate materials because you are going to do the work yourself just make it a habit to look through circulars in the paper and stroll through your local hardware store (lowes, home depot, etc.) every once in a while.

You can get the same information that the expensive courses give you much cheaper.

I'm not sure most mortgage co's are smart enough to do anything creative like that but it's worth a shot.BTW, in TX a first mortgage foreclosure CAN wipe out unpaid HOA dues, late charges and lawyer's fees.all cash

Does it get you loans cheaper?

:roll: The point of buying the option fromyou is to get the cheaper price.It's like: your wife sees a dollar-off coupon in the paper andcuts it out and lays it on the counter where she'll see it whenshe goes shopping.

If that were the plan, why would one care about paying any principle anyway.In the event you were to get a Hard Money loan for this purpose, they are usually Interest Only to begin with because they are Short Term Loans.If you are planning such a short term project, the main thing to be aware of would be Pre-payment penalties.Be sure you get a loan that has none.What is pre-payment penalties and why do they charge that fee for?