Financing Options
I know of many creative ways to finance but am always learning new ways. If the seller is unwilling to provide creative financing, I turn to the bank or hard money.
My question is this: Is it bad to get traditional financing from a bank on a house, fix it up, and then sell it and pay the loan off? Does it hurt my credit by having such short term accounts? Will a bank be less likely to finance me the next time?
Any help with this would be greatly appreciated.
Thanks,
EstateXchange 
I get about 4 or 5 calls a day from people trying to get me to re-finance. The banks will be glad to re-lend your money and charge points on it to someone else. The only issue I see is if you are doing a bunch of these at one time there may be issues with many credit pulls. This is not likely to be a problem if you are dealing with a few lenders.
It seems like a lot of buyers in this area, (im in the same area as you are Frisco, Plano and Mckinney) are asking for Lease-purchase agreements. I have a home listed for rent and I am getting all kinds of requests to Lease-option or purchase it, vs regular renting and leasing.
Some say its a way for them to build equity during the option period(because they are locking in a purchase price)....others say its a way to get some rent receipts for credit qualifying later. Either way...this area is full of them. Now once I finish researching and finding a way to make a small profit as the seller...I may just do it......but im a little leary because from what I have read if your contract on an Option or Purchase Lease, isnt right you can get taken for a ride.....