I started buying when I realized my tech friends wanted to do expensive social activities and I couldn't keep up, so I needed passive income to build wealth. I

I'm not wealthy by any means, but my credit was 789 at the time.

As such, they use more of a "turn and burn" philosophy in order to make a profit since the investors take a big chunk of the interest payments leaving the lender earning most of their money on the points charged.Private money can be a good alternative to hard money given you're dealing with a wealthy individual.

Brian Smartt,I echo what Brendan J. stated.I embrase the philosophy of the book "The Millionaire Next Door".How can you join the ranks of America's wealthy?

Do you have any wealthy family or friends that have a big fat bank account that you could "borrow" their bank statement as proof of funds, then put it under contract and wholesale it?

It seems to me that if someone that wealthy and smart truely wanted to help others they would do it for free, or at least just write a a book and charge a reasonable amount for it.

If your parents have saved money for you or are wealthy and want to help, that's a beautiful thing.

Lately I have been venturing into commercial real estate since I have very wealthy clients who buy in the millions and want only non-listed-off market properties.  

I've always known I'd be wealthy.

Felt like I had no purpose and was not giving back value to the world.People typically that have money will get involved in causes and charities to stay busy.My Uncle invented the cleaner Goof Off decades ago.He has been very wealthy for awhile.When he sold off the company and he took a few years off but after that he was sitting at home bored and started inventing hand cleaners and other stuff again.If I had that kind of money personally I like CTL's (credit tenant loans) that are triple net.CVS,Walgreens,Rite Aid's,etc.