It was primarily people starting out with no money saved, people trying to sell things , and people looking for hard money.I once made the mistake of mentioning I flipped and had rental properties and I was attacked like a sharks prey by individuals looking for a "partnership".I learned more talking to the young lady Jess on the phone.

Ideally, you would have some collateral to put up for the loan.My first investor deal was with two guys at work.

The banks like to have an approved and accredited contractor (they may nominate one unless you have one in mind), who will itemize all expenses, that the bank approves and cuts checks for individually.

Nevertheless, in response to commenters' requests, the final rule provides a non-exclusive list of methods that issuers may use to satisfy the verification requirement for individual investors.The methods described in the final rule include the following:Reviewing copies of any IRS form that reports the income of the purchaser and obtaining a written representation that the purchaser will likely continue to earn the necessary income in the current year.Receiving a written confirmation from a registered broker-dealer, SEC-registered investment adviser, licensed attorney, or certified public accountant that such entity or person has taken reasonable steps to verify the purchaser's accredited statusThe underlined/bolded item above leads me to believe that this guidance is only for reference and one can do their own, independent process provided it is reasonable.

Ron I can't give legal advice.I will say that I deal with attorneys for my clients on commercial deals and some are good and some are amazing.

Such a great place to exchange information, and network with like-minded individuals.

He is not an "individual/retail investor" so to speak.For every Warren Buffet , there are many many 'mom and pop' real estate investors that have built wealth for their families and future generations.

It is ideal to understand everywhere you own a home.The $5,000 land and $29,000 mobile home does not sound like that good of a deal either.

Then in winter Phoenix is ideal, and that's when the snow birds flock in.

Steve Babiak Hi Steve, yes...that would be so ideal, not having a bidding war.