No banks, no appraisal, no junk fees, no personal guarantees, and (generally) non-recourse financing.Certainly, this strategy isn't ideal everywhere, but if you're in most of the South and Texas, this is going to be where the action is for a whole bunch of investors for a good long while.Also, from the buyer's perspective, wholesaling is entirely a marketing innovation.

The idea is pragmatic but is many light years away from being brilliant or innovative.

Additionally, this sold for $170k in Nov. 2017.

@brian van pelt I agree that a 1 for 1 replacement of a manual process with a technology can yield incremental gain, but I'm talking about replacing manual process with technology AND business model innovation.

@Corbin Jones I did some reading up today and saw that in Nov 2017 Fannie Mae put out an update in their servicing guide about transferring ownership to LLC's.

What are some innovative ways you all have financed properties while in a similar situation as me?

You could start a new trend as a leader of innovative strategy vs. a follower of existing convention.

According to the City, the project will eventually feature a mix of housing types, a transit center, retail and office space and an innovation district.

According to the City, the project will eventually feature a mix of housing types, a transit center, retail and office space and an innovation district.

They keep moving it.  ..Title Creating Chapter 193 of the Legislative Code (Title XIX) pertaining to Tenant Protections...BodySection 1WHEREAS, under City Council RES 89-1273, the Council directed the creation of a fair housing workgroup to make policy and budget recommendations “with the goal of eliminating housing disparities, lowering barriers to affordable housing, and ensuring access to economic opportunity in the City of Saint Paul”; andWHEREAS, under City Council RES 17-2064, the Council directed the development of a fair housing strategic plan “to continue to research and work with housing partners on strategies to further Fair Housing goals such as...improved tenant protections, Tenant Remedies Actions, Advance Notice of Sale policy, gentrification studies, just cause eviction, non-discrimination policies, and others”; andWHEREAS, under City RES 18-1204, the City Council acknowledged that “the housing crisis in our city and region, and the urgent need to address the crisis as our population grows,”; and WHEREAS, in 2019 the City created the Affordable Housing Trust Fund, with five objectives: to meet the needs of those with the lowest incomes by increasing supply; to invest in low and moderate income residents by investing in existing supply; to explore innovative approaches to meeting housing needs; to build wealth for residents and communities; and to promote fair access to housing for us all; and .WHEREAS, in 2019, the Office of Financial Empowerment, which housed the Fair Housing Coordinator Position, was created and subsequently developed the framework for a citywide fair housing strategy identifying decreasing housing displacement, increasing housing access and affirmatively furthering fair housing as the overall objectives; and WHEREAS, Tenant Protections is one of four focus areas including education and engagement, enforcement and compliance, and preservation and production, to address strategy objectives based on the current housing landscape; andWHEREAS, stagnant wages, skyrocketing rents, a lack of affordable housing, and a consistently low housing vacancy rate are making it harder for Saint Paul residents to find housing and to afford it over time; and WHEREAS, the number of renters has increased by 12 percent from 2000-2016 and the City of Saint Paul has now become a renter-majority city, with 51% (57,621) of City residents being renters; and WHEREAS, renters are disproportionately people of color and are disproportionately representative of individuals from low wealth backgrounds; andWHEREAS, demographically 83% of African-American households are renting, compared to 41% of White households; and WHEREAS, more than half of our renter households earn 60 percent or less of the Area Median Income, and more than half of our renter households of color earn 30 percent or less of the Area Median Income; andWHEREAS, in St.