What he is offering is:-His team will do the due diligence on the title to ensure it's clean-acquire the property from auction with room to make 20-50% profit-provide actual comparables-consultation prior to auctionHe wants a non-refundable payment of $2500 to set up an account and the $2500 per property making it $5000 up front (in addition to actually financing the properties in question).

Really the easiest method of finding properties for flips is identifying what locations sell on the MLS with a large price spread between a rehabbed home and a non rehabbed home...and Ive give you a few good locations on that.

I have a New York broker license, but don't know of any waiver for a non-licensed person except for attorneys.Mark

My non-refundable fee, which is half of my assignment fee, is held by the title company.

Some HML like us offer a non-recourse loan

There are several private or non traded REITS that raise money, invest in a specific type of real estate or strategy, hold for  a few year then liquidate when the time is right.  

I'm a new member  looking for like-minded investors in Indianapolis to learn and work together on Wholesaling and investing in turn-key properties and both performing and non-performing notes. 

As a non-US Citizen it is very hard to get the banks to cover the 80%, most foreign investors I know buy in cash and after 5+ years they are still trying to get loans on them

All over California, it is almost non-existent.

That you will be unable to make your payments and they will have the cost of repossessing the unit, having a non-performing asset become a liability, and have all the costs associated with retrieving and divesting of the unit.