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?

We have a tax preparer, but we feel like she doesn't have much experience in real estate to give us sound advice as to what to do in the future.

No matter what you need to be prepared to deal with tenant issues.

You will have to be prepared to foreclose if the buyer doesn't meet the terms of your agreement.

That doesn't mean it isn't a good strategy - if the property still produces healthy cash flow after expenses (which includes future capital needs if you've deferred such), at a minimum you could be rolling the cash flow either back into the home to own it outright or using those funds to prepare for your next purchase. 

But it looks like you better be prepared to comply.Non-Compliance is $500 per day.

I’m really early into the research phase but would be prepared to “pull the trigger” over the winter (eg purchasing a property to setup the tents) but ran into a bit of a “wall”.I’m pretty close to Blue Ridge and love the area so have considered a STR there for a while.  

I have one, happy to connect.If @Devin Peterson is prepared to defend you in court, use his. 

The PoA designates our company as AIF.Now, it's possible that back during the original closing we had the borrower sign TWO PoAs: One designating our company, the other designating an individual representing the company.Our original PoA was prepared in consultation with an attorney, but that was done well over a decade ago!

@Shrikant Kakani- thanks ...if you  dont need to use financing - disreagrd the following tip ..if you will need to use a loan to acquire your 1st investment property - I would recommend getting the formal loan pre approval step completed ..this is free  and it will help answer many questions you have  and  help get you organized and  prepared .