Alternatively you could write private notes for rehabbers, or buy and hold investors to use these funds for greater returns than you could get in the market.

Buy it for less than the contract which is much like buying a mortgage at a discount.You'll need cash, depending on the underlying contract you might be able to finance it with private funds, most lenders won't touch it.Need to see what kind of contracts were done, the seller may be interested.

I plan on eliminating this by putting some of the 20 maintenance workers we have at the company and I would give him a discount on the apartment for him to be the super (these guys are familiar with everything they maintain our 650,000 sq ft warehouse.)I'm not expecting to become rich overnight but I see this as a good investment and a good chance to create some equity.To sweeten the deal I would also offer the employees a ride to work (buy a 15 passenger van) for a nominal weekly/monthly fee which would help cover the driver's pay.Pros:1.

If you want to get into the hotel business you need to immerse yourself in it and network within the small community.Most if not all hotel deals in the US (especially CA) over 10MM are sold privately within the network of seasoned deal makers.

Turnkey properties still need a driver.

I can't imagine that the city could give you permission to go onto private property, whether or not it had been condemned.Any luck checking probate records for the deceased son?

I make one call, walk through the house for five minutes marking things to stay, and then leave to try and find my next deal/private funder.

Your profession can be a source of private money through self directed IRA's.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Personally if you are going for 4 flips in a year, try and find 1 or 2 good HMLs while you are searching for private money lenders who will give better terms - they will allow you the flexibility to make all cash offers which will be more attractive to sellers.Access to capital will be key as you grow so establishing relationships with the HMLs for your first few deals may help you a year or two down the road when you are finding multiple deals at once and need more capital.

For those investors here that use private money, how do you show proof of funds when submitting an offer?