Real estate investing is probably one of the best investment options out there. More multi-millionaires are made through real estate than anything else. Here is something for you folks living in Texas to take a closer look at. Texas Equity Investments promises a return of $11,500 for every $1500 invested. As always, do your due diligence carefully. Details of how they do it gathered from their website is listed below. Please visit their website or contact them for more information.

About Texas Equity Investments

“Texas Equity Investments, Inc., is a real estate investment company. Texas Equity Investments began by simply assisting investors to find a new ways to buy and sell real estate.

The first month into this new real estate program we purchased 5 houses collectively valued at $650,000.00. I must admit that we were all a bit nervous because we were entering into an area of real estate previously unknown to us. To our surprise, these first houses were moved without complication. After working our initial inventory for about 6 weeks, we felt comfortable moving more houses.

After the initial 6 week program, we were then ready to open up the doors and find out what the DFW market had in store. I spent the next year going from builder to builder discussing our new lease-purchase program. The reception was unbelievable. Not one builder told me that this program wouldn’t or couldn’t work. As a matter of fact, every builder I dealt with all said they would like to be a part of our program. These positive receptions by so many builders lead us to the next hurdle that we had to face. We had to choose the right builders for our investors and our program.

Out of all the builders that I marketed, I narrowed down several builders that I felt would work well in our program. Once these builders were established, we then whittled down the list of acceptable builders even more. We crunched numbers for the next 6 months. As we did more and more deals we found out which builders fit best in our program. These builders sold to our investors at a true discount. Additionally, we opened a new mortgage company to underwrite the loans for our investors so that each investor’s deal would be taken care of from our group personally.

Our program was strong for the next year. Then, out of the blue, the State of Texas threw us a major curve in January of 2006. The State of Texas outlawed the traditional lease-purchase program that had worked so well for us. While we understand that the State did this for legitimate reasons, we were forced to come up with a new method of acquisition and sale. Again, we went to our attorney for alternatives. In the end, we came up with a new method of acquiring and conveying properties.

Our new method is fairly simple. It consists of a 1 year lease with a non-binding letter of intent. It is similar to the lease-purchase program concerning the lease of the property to the prospective buyer. However, the tenant/buyer does not have an enforceable option to buy the house. Each tenant we place in our investor’s houses has incentive to buy the houses. We assist them in a short amount of time to procure the necessary financing. The non-binding letter of intent gives them minimal assurance that the major deal terms negotiated prior to their occupancy will be used if and when they qualify for financing. Using the option to purchase, as we had done in past in the past, now creates numerous and significant legal problems for investors. Therefore, we have modified our program to do what is legally and practically allowable to meet the goals of our investors and potential buyers.”

-Todd Brown, President of Texas Equity Investments

How It Works

1. A prospective purchaser/tenant picks out a house from a preferred builder.

2. The prospective purchaser/tenant contacts Texas Equity Investments by either:

a. themselves
b. a sales counselor from the builder
b. realtors that work with Texas Equity Investments

3. Texas Equity Investments will call the builder to get the price on the house.
4. Texas Equity Investments will contact an buyer/landlord.
5. Preferred lender loans will qualify the buyer/landlord.
6. The buyer/landlord will then get paper work from the following groups

a. The Builder
b. Preferred lender
c. A preferred management company
d. Texas Equity Investments
e. A preferred insurance company

7. The buyer/landlord will fill out each set of paper work and turn in any documents requested.
8. Our preferred lender will then process the loan. That includes:

a. Underwriting
b. Appraisal
c. Title work
d. Survey
e. Schedule closing

9. The buyer/landlord will close on the loan (it can be done in the investors own city)
10. The tenant/prospective purchaser pays a fee to move into the investors property
11. The tenant/prospective purchaser signs the following contracts:

a. 1 year lease with a preferred mangagement compnay
b. Non-binding letter of intent (this has an amount the tenant/prospective purchaser will buy the house from the buyer/landlord @ $10,000.00 over what the buyer/landlord paid for the house)
c. Credit Restoration with a preferred credit repair company

12. The tenant/prospective purchaser lives in the house until their credit is good enough to get a loan (this should not exceed 1 year)
13. The tenant/prospective purchaser buys the house from the buyer/landlord

Check them out at http://www.texasequityinvestments.com