Hello everyone, I've done 3 buy and hold rental properties, and now I want to do flips, I need investors and I have some that have shown interest, in addition to speaking to private lenders that are willing to fund 70% of the LTV (based on the desired property)I'm seeing a lot of deals from wholesalers, but the problem is, some of them close in 2 weeks and some as long as a month, and they don't take conditional offers, and the good ones fly off the shelf really quick.My question is, how does someone like me close one of those deals within this short period, how do you arrange the equity and financing with little to no inspections sometimes even.I'd like to know how do I prepare myself to be able to close one of these good deals right away when they are offered to me and many others?

Or offering personalized consulting, deal analysis, or portfolio review for an additional fee (as others are doing today).Your comment makes me wonder if we have a "chicken and egg" problem in the note-investing market.

Additionally, Mezzanine Debt may sometimes allow for a second lien recording, providing an extra layer of security.On the other hand, Preferred Equity generally does not carry a maturity date like debt instruments.

We might be able to direct you.Also, in addition to the egress from the bedroom, many municipalities require a 36" entrance door for it to be a legal.

I could also ask him to provide a report from his business (he is self employed) of his P&L and transaction reports to make sure he is making money etc. 

In other words, the agent is bound by license law to act in their clients' best interest (not his or her own).In addition, most realtors rely on referrals and repeat business to build the kind of clientèle base they'll need to survive in the business.

Buying vacant land is always a good option, I would check on the rules for subdividing the land before purchase, and also find out how you can add additional income producing projects to your land.

Their style a massive turnoff in addition to everything else. 

If similar situation, then any additional repair after plumber informed you of the problem should be the tenant's responsibility.  

For you, it will likely be business income / ordinary income(non portfolio) where it will be deemed active / passive depending on your level of participation.There are some court cases out there where people who originate 4 or more loans in a year are moreso deemed in the trade or business of lending money.It will depend on the original poster's taxaccountant to determine how he/she will treat the income.The one con of it being business income is that it may be subject to self-employment taxes.