For an individual, the banks were willing to give me a loan at 70-75% of the appraised value of the home, at a rate of 5.5%.

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.

Because we are an employee owned company, I was able to use my company stock as collateral.When I met with the guys, I met with them each individually, explained what I wanted, how it would be paid back, where I would get the money to pay it back, what the property looked like, recent comps, recent rent for the area, etc.

I can send a seller my simple 3-page PA, have them sign and send it on directly to escrow, who will then use that text to generate instructions.

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.

How notes are sold, pretty easy generating interest, from there you'll need to give details and then accept bids or offers from those interested.

And I'm planing to generate revenue through wholesaling properties!

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.

@Matthew Morganstein I'd scrap the $50k Vegas condo idea and put the same money towards buying a sfr in a different city that will generate the same cash flow with less intensive management.

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