Get at least 10 buyers on your buyer list before looking for houses.Then...To find wholesale deals the city code violation list is a good start but make sure these are properties which are red tagged as not habitable, not just a fence falling down or tall grass.  

Anyone who is lending through a business entity, where the majority of income for that entity is generated by lending activities is NOT a private money lender, they are "in the business of" lending.So, if you see someone soliciting loans calling themselves a private lender, a red flag should be going up, that red flag simply means to stop and do some due diligence before you make a borrowing decision.

John Daniello , generally hard money lenders only lend to entities and not owner occupants.It is possible that is who your agent sent you to, but there are a few red flags.

We used a smart RE attorney to create a property specific LLC, and write the opperating agreement (the meat of an LLC) to show cash split, profit split, voting rights and what heppens in death, family buy out etc.  

I was a meat cutter for 30+ years.

There's nothing odd or red flag about a seller asking for cash only.  

very good description of what you experienced. i can see how a corporate monster such as wells, will have its share of "red tape" and seemingly idiotic policies and procedures but i think a lot of that is really just the nature of the beast.i must say though, my experiences have been very smooth in my dealings with wells fargo. my mortgage consultant is great.

Not worth the time required for PM for me at this point.

RED FLAGS everywhere on this guy, but if you want to waste his time to mess with him just to pass the time go ahead, I did!

The numbers fitted our spreadsheet Almost zero unforeseen Red FlagsTotal time was twice than expected.