In that case, the GP, who was a cheating SOB, issued a K-1 allocating cap gains [§1231 gains] to my Client, who was a minority LP.  

Your "clients" will disproportionately be elderly people who you will be taught to "help" - somehow you convincing them not to take market value by listing their home, or selling it subject-to, is "help".- In between finding these "clients" you "help solve a problem for" (in the language of the gurus), you will be angrily dismissed by hundreds or thousands of people, if you are able to get into contact with them. - In the extremely unlikely event that you get a property under contract, your assignment fee, in many locations, and probably on average, will be less than the commission a licensed broker would have received for selling the property. - You will be at risk of breaking the law, as many states are creating laws that effectively ban wholesaling, and while wholesaling gurus claim that this is not the case, they are either lying or deluded.

So when my clients work with me, I simply guide them through the process of originating their own loan (legally, in the states that allow it).

Have a client interested there as well as myself and just wondering how it's going! 

This info also gives agents the edge in guiding clients, setting them apart as the go-to experts in Carlsbad’s fast-moving market.If you're curious about how SB-423 can work in other parts of California, definitely check out It's Time to Invest in California, now!

Hi Ashley, We have found what works well for us, as well as our clients is to ask them during the on boarding process if they have any preferred contractors.  

I build a lot of similar tools for my CFO clients, so I may be interested in discussing.

@Lauren Merendino I know a lot of my CFO clients like to see a picture vs. just numbers.

My clients buy from wholesalers all the time.

For my clients, I like Easy Streets bridge purchase and STR DSCR programs.