If I had instant access to funds every time I spotted some thing that I wanted most likely I would run out of MLS properties and have to start networking too.

I don't know the Peterson guy, but Todd Morgan was putting on some Private Money seminars and said he could get access to Private Money instantly (for the right price, of course) I never got in so I can't say what his credibiltity was, but I hadn't heard anything negative about him (yet).

Often I've seen young investors close a couple of deals sometimes quickly but, what comes with that is instant gratification.

If you buy a property at 50% of market value and borrow all the money (100% financing), you've got 50% instant equity and a very safe deal.

My background is not in real estate, but I am launching some new web services for neighborhoods and real estate, and I am attempting to learn as much as I can about how the industry works and meet the people involved, and hopefully make some contacts :DWell, enough about me!

Flipping Properties: Generate Instant Cash Profits in Real Estate by William Bronchick and Robert Dahlstrom Buying Real Estate Without Cash or Credit by Peter Conti and David Finkel (Paperback - Aug 29, 2005)

Big Profit Potential It's called "flipping," where people buy property, wait a few months for it to go up in value and then "flip it," or sell it for an instant profit — sometimes a huge instant profit.

Will your lot size accommodate a larger dwelling and will the neighborhood surrounding your home support the higher value that you expend?

johnmichael: So who cares about the strikesjohnmichael: Let's take a look at the numbers for 2004johnmichael: Realtor Sold Homes - 6 Millionjohnmichael: FSBO Homes - 2.7 Millionjohnmichael: Owner Financed Homes - 1.2 Millionjohnmichael: Over 42 Million Homes Listed For Salejohnmichael: Did you just see that last #Dan_Auito: 120 million dwellings in the U.SDan_Auito: 294 MILLION PEOPLEjohnmichael: So you have to ask your self what happen to those homes?

2-Find out their business ownership/management experience, nobody wants to set someone else up for failure3-IF they don't "need" the apartment, You should advertise & secure a tenant 4 them, w/1st/Last/& security, so that potential "problem" w/both future lender & appraisal is already dealt with (read=documented INSTANT Cash flow, more appealing to buyer, & Lender), preferably w/a nice LONG lease (say 2yrs w/a 1 year extention option)4-Holding a Seller Second makes this a VERY "do-able" transaction, just need to make sure borrowerA-Has great creditB-Good ReservesC-Proven Track Record in Business (4 self or others)D-Realistic Business PlanE-The Guaranteed ability 2 make the paymentsIf they have their act together, You'll know who they are...Let me know if I can be of further help, I've arranged financing on over 200 commercial transactions, & over 50 mixed use subject properties5-& Very Most Importantly....Don't be afraid to "owner finance"..