Houston Real Estate Highlights in February Single-family home sales were statistically flat year-over-year, with 5,280 units sold, ending three consecutive months of declining sales;Days on Market (DOM) for single-family homes increased slightly from 66 to 68 days;Total property sales were also statistically flat, with 6,388 units sold;Total dollar volume rose 3.1 percent to $1.76 billion;The single-family home median price climbed 2.9 percent to $232,900, reaching a February high;The single-family home average price increased 1.9 percent to a February high of $286,156;Single-family homes months of inventory was at a 3.7-months supply, up from 3.1 months last February, but slightly below the national inventory level of 3.9 months;Townhome/condominium sales fell for a sixth straight month – down 7.6 percent, with the average price down 11.9 percent to $186,859 and the median price down 11.8 percent to $150,000;Lease properties staged a strong performance, as single-family home rentals leapt 26.5 percent with the average rent up 0.8 percent to $1,733;Volume of townhome/condominium leases surged 27.1 percent with the average rent up 1.9 percent to $1,548.https://www.har.com/content/newsroom?

Both don’t seem that straight forward and as this would be our first acquisition I was hoping to get some insight from the group.

.* Contractor requests inspection* Bank sends third-party inspector, who writes a report showing what has been done (AKA: NAILED IN PLACE)* After getting the OK from contractor and owner, bank releases funds (Wire deposit is becoming common... usually the money goes straight to the contractor)When we do work with banks that draw this way, I tell people to expect me to request 8-10 draws throughout the course of the project.The contractor will need to be vetted by the bank, so things like license and insurance are mandatory.

I don't think its a cost issue, as countertops are inexpensive and they picked one that looks straight out of the 80's instead of any of the newer styles.

Typically at direct mail companies you would send the list and we would print the postcards and send them straight from here to your prospects. 

When applicants are not straight forward and easy to screen they are not worth your time.

I have a few monied friends who have expressed an interest in participating in the financing of the right deal either as JV partners or just straight private lenders.

He went straight in asking me how I knew he owned the property, I said the MLS.

I have read David Greene’s book on long-distance real estate investing, but my guts tell me that it won’t be that straight-forward as outlined in the book.

That's when I realized I'd have to go straight to the source.