I know traditional banks usually don't do these and I've tried a bank in Raleigh NC but the loan officer stated that the chief executive wouldn't allow them to do this type of loan this quarter due to the amount of properties they've had to take back by foreclosure.

I would add in that you can buy on the date of their choice.

The traditional structure is a commission split: the broker will probably generate more leads for you, but might take 50% of your commission when you start.

The letters were "professional" and explained how I can help add value to their home sales process by buying as is, for cash, close on the date of their choice, etc.

I also know other investors who hold properties in the USA - they have no choice but to hire PM's (Property Managers).Depends on how you want to run your business, some like hands on, some (like us) prefer hands off!

So if you really need a loan you can pretty much just eliminate traditional finance channels from your list of prospects.You should have no problem raising the money from your friends and family (may take several people).

There are so many choices; however, I am ready to learn and take action.

I love LA and it would be my second choice after Atlanta.

In almost every case traditional sales channels could have delivered a cash buyer with lots more money for your seller if they only waited a few more weeks.

Instead, you either have to go with traditional methods such as asking family and friends for help, or you have to think outside the box and consider approaches like peer-to-peer lending and crowd funding.