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?

Ron Hubbard built his scientology business: Mid-level sales professional selling the dream lifestyle and over-promising returns to attract people to him so he can capitalize on their innate desire to become successful and rich like him...

I know that it is generally good advice and I would learn a lot by doing it, but I am firm with my desire to be a passive investor with respect to managing tenants.

Properties here may require a higher initial investment but tend to hold and grow their value due to location and community desirability.

These provide stability and regular income, which can be crucial in retirement.Cash: 5-10%Keep some liquid assets for emergencies and short-term needs.Consider these additional points:Diversification: Spread your investments across different sectors and geographic regions to reduce risk.Tax efficiency: Consider the tax implications of your investment strategy, especially with your high net worth.Regular rebalancing: Adjust your portfolio periodically to maintain your desired asset allocation.Professional advice: Given your high net worth, it's advisable to consult with a financial advisor who can provide personalized recommendations based on your specific situation and goals.Risk management: Consider your risk tolerance and adjust the allocation accordingly.

He once told me that he didn't understand where my desire to work with my hands and become mechanically inclined came from.

So I am doing my due diligence and running a bunch of Wholesaling Calculator reports to decide on my maximum allowable offer ($53,260) in order to get my desired return ($10,000) and the flippers ($30,000).

(There is a price difference but suppliers have bridged that gap quite a bit due to popularity in the last ten years)Bathroom: Basic white subway tile to the ceiling for bathtubs/showers if surround is not desired.

This does not mean you can leave the unit vacant for 6 months (not that I'm accusing you of wanting that) but it also does not mean you can be forced to accept a less desirable tenant nor can you be forced to lower your rent.

A home that is selling for $100k after we just saw the biggest run up in real estate values in my adult lifetime means that it's probably not a very desirable place to live for people that have options.