Build a database built on what types of properties they want and the rest of their criteria.

Refuse to sign anything that says it will be a second home unless you use 1/2 as a second home for some period of time.

Go to Lowes, Home Depot, 84 Lumber etc and ask.I use subs based on time vs money and do the rest myself like Rehab702.

That makes it easier than someone who is looking to hang out the “gone fishing” sign for the rest of their life.

People, we are about to enter into one of the greatest real estate purchasing periods this country has seen in a long time!

My research tells me they are going higher thru the rest of 07 at least.The median price of USA homes has risen to $260,000 ish..Math that and one arrives at $34b a month.REDevelopers volume is not included..but we all know it is horrendously both enormous and under stated.

Likely it will not be worth the fee after the free period.

While the nation struggles through a housing crunch, there are many markets that continue to do well, despite the rest of the country.

He used to own his one high performance custom auto part shop and rather enjoys the RE investing lifestyle.Good luck.If you have questions find the right forum on BP and post away.Do check for a local REIA in your area as TX has some laws that are rather different from the rest of the US.

I have long advocated informing the lender in all installment contracts, wraps and sub-2 transactions.As John mentioned, a properly given notice will keep them from saying they didn't know but more importantly, after a period of time and if a formal objection is not made or notice to accelrate the loan is not made, that may be construed as acceptance of the deal!