If flipping houses is for real, and your properties are in Southern California or Oklahoma, I have short term (12 month) private mortgage money available for residential and commercial properties to be renovated and sold ;)

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Originally Posted by Vendzilla I know a real good licensed contractor that can do anything, residential or commercial in the LA area.

We lend on property equity ---- 1st TD's (mortgages) only -- 65% LTV short term -- No Credit Required. We are not interested in taking title to properties -- just lending -- 12 month term or less -- passive investments (loans secured by deed) only. We are principals in most loans. 1st TD purchase money loans are considered too (same LTV). No 2nds no 3rds.

If the deal makes sense we will help him get title, + some working capital up to 65%, maybe 70%, LTV in SoCal. He keeps the profit, we just get the loan interest.

My ICQ and Skype are below ...

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Originally Posted by TidalWave Do you charge points or origination? If just interest I am interested.

Just interest 10% per annum (most cases)

This is on the side: personal investments and not affiliated with xlovecam.

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Originally Posted by _Richard_ heard you can only do that 6 times before the CRA comes down on it?

There is a limit of properties you can sell without a RE licence when do it as a vocation. Not as an incidental, sell your own house every few years.
That said, you can just pay a small commission to a licensed RE broker to handle a already set up transaction using his license. We used to have a licensed RE broker salaried in house to handle certain matters. Just like banks have employees that are notary publics.

As a leinholder that regains possession, you are always allowed to sell your collateral transferred to you from a voluntary "Deed in Lieu of Foreclosure" or a normal foreclosure.