Here's the solution:Do NOT solicit private funds in an online forum or worse, put an ad in the paper or on Craigslist.Instead, network with other investors and meet them face-to-face. I

try getting in with a lease option. you being a wholesaler, you should know how to find motivated sellers. have the lease option contract ready when you talk to the seller face-to-face. I

Around noon, I figured I would go to the property to put together a renovation plan.With a grin on my face, I unlock the door, and upon entering, I hear a very subtle buzzing noise coming from the direction of the basement.

I'm not so hard up that cash waved in my face is impressive, my best offer is the 116K with conventional financing.  

The problem that you face is if your LLC is newly established the financing will be almost impossible to get if you are seeking a loan for the new LLC.  

The dilemma I face is that my finance partner and I do not yet have the LLC and he is heading out of town for a few weeks, but we have found some properties that meet our criteria for location, price, and estimated rents, etc.I have the offers drafted up, but when I went to the bank, it turns out I cannot open a bank account for an LLC that is still not fully formed, and even when it is, I will need both partners in person to sign onto the bank account.

The 2nd biggest bottleneck I face is the procurement of materials.

As for Mike Tyson punching people in the face (I love his quote, ha ha ha), I am almost certain he would have punched the person with no plan in the face a lot earlier.

there have been studies done that have proven teh 50% rule to be very accurate over the long term..i believe bryan hancock was the one who provided a link to one recently, but i'm not positive...depsite my young face, i have an old man's memory!

It is nice to see strategies to not pay taxes, but I think a lot of times people bite off their nose to spite their face. Is