b)I needs proof of funds in the offer, but large part of they money is currently under my sister’s account for various reasons, but she can withdraw them for me at anytime if needed.

I have saved about 25k in cash and about 7k in stocks, but I am allowed to withdraw 3.5k for down payment purposes.I currently live in a very bad part of Koreatown.

This should not be used to replace a driveby but could help limit your driving to those that are worth the time.If you can purchase a property for 2k with a replacement value of 45k that is only currently assessed at 30k then you can count on putting into it at least 15k.

I have not actually done this but I have suggested it before to others.Have a friend or family member willing to deposit into an account that is in both your names, but upon opening the bank account, only your friend/family meber has the authority to withdraw funds.

I've used flex options, but I didn't like them because if the end buyer is using financing to buy the property the amount of cash he has may be limited which limits how much you can charge him to assign the flex to him.Drawing up a PSA between you and the wholesaler doen't work if the wholesaler is doing an assignment and not a double close so I didn't find that method helpful.

How do you all limit the gawkers who are just curious?

For straight wholesaling, this might be tougher, as there's not much time for seasoning to occur; you're limited to cash buyers then.

Plus with the IRA , taxes will be much higher when I withdraw that money in the future and the government is gonna get its due anyway.

Hi...Talked with a guy who has been doing MH deals in MN for 3years and he says all you need is a license and it takes 140$...not much hassle...there are other limitations in MN which make it difficult like the upper limit on interest rate you can charge and default procedures...Vinayak

What's great is when you get someone good on government assistance where the checks roll in regularly.However, you may be limited in your exit strategies to selling to other investors who will want a steep discount, or selling as a lease-option, which has its own pitfalls.I view it as investing in high-return CDs -- if I can sell it for what I put in it then I'm happy with my rate of return for the holding period.