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If I was going to only be able to wholesale this property, I would not have gotten this deal.I still love wholesaling and I do it all the time but these are three lessons that I definitely have learned that have added some water tools to my tool belt in order to be more effective in my business.We are looking for some passive partners who would be interested in getting involved in some of our rental and flip deals in New York from a passive perspective.

The most effective means to reach people, social media encompasses everything from Facebook and LinkedIn to personal blogs.

He's forth coming with his criteria for property selection and has answerd in detail every question I've had.

I found that way to be an effective way to break into the industry.

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CFDs certainly have the risks mentioned above (receiving our first violation from the city for unkept property was fun) but we believe that with proper selection there are ways to mitigate the risk.  

I think it will have a lagging effect on investors and discourage capital investment.

Corporations with an S election are taxed the same. 

Make sure the $5K is not for other third-party fees such as any environmental, title or credit check expense.As for who can order an appraisal, I would defer to an actual appraiser but my understanding and experience is that appraisal regulations only impact regulated groups such as banks and therefore hard money lenders can effectively make up their own rules regarding appraisals since they are not regulated like banks and are lending their own funds.Finally, banks do not have the "right" to redline.