Brian...thanks..... if you buy a note and get a deed transfer it works easily once the banker or lender agrees...might take a few arm twisting but they do not want non performing notes at the bank.Pretty easy really...and gets a owner off the sherrif sale hook and the bank is finished with a deal going bad fast.

People stop paying and then what...if you are close or short on cash, you could go down fast.  

I did speak to an employee at the city today and she told me that they would not require anything done to the property other than a handicap ramp.

I closed on my first flip property today and am excited for this new adventure!

I was just contacted by another wholesaler today, also new and short on buyers.

I spoke with the Building Inspector today and they are taking down the Stop Work Order, and I just need to comply with a few things in my backyard that the Fire Department also had an issue with.I have yet to hear from the Board of Health but I feel as though I will be fine with that too, on to better days!

@Ramsin Jacob 1. yes, we get w9 from all investors2. we cut them a check or wire their funds at end of flip. or if they want to re-invest in a new deal, we do that.3. i think you can do it the way your CPA said, but we have investors trickle in at multiple times, and deals move fast and w/ about 5-7 investors per deal, we keep it simple w/ loan agreements.

If you put 10k into the S&P 500 in 1942 you would today have 51M.

Figure out the realities of TODAY to bring the project to completion and still make a nice profit. 

Ahhhh...... not so fast.