Top thoughts are; Drug money and scam.

This has been targeted as a red flag as to fraud issues due to brokers and dealers assigning insufficient collateral leading to investor's loosing money.Again, review what was mentioned relating to contract law and predatory issues.You might begin to understand now my issues with "finance gurus" or those with limited knowledge suggesting and even doing their own thing in financing.Never use a note or security agreement or any financing contract that has not been reviewed by an attorney or at least someone with a formal education in financing.Lastly, I have never met an attorney who would have an initial reaction to giving a 60 year old lady a 37 year fixed rate note as being a rational and informed decision by that lender in any installment sale.

It was a drug addled area of lack-luster landlords and the town is Extremely cooperative - as they see it is being cleaned up as we rehab and re-rent well.

Original loan was 570,000.00 it foreclosed and I guess went back to the lender for 1,515,000.00 (what it says on the zillow report) the house is vacant now but there was an eviction that led to a major drug bust.

After we removed the hoard and evicted the drug dealers, I found three awesome families with good credit and jobs.

There are basic similarities but KC Realtors could be on the war path with rent-to-own dealers, can't do installment deals in Texas, what's usually advised by mentors working out of state is check with your attorney.

So, what we get will be compliance issues that will put some brokers and dealers out of business, and adding costs to meeting compliance matters.

I thought only drug dealers have pit bull, and a normal citizen doesn't need a pit bull.

There is nothing wrong with wholesaling.The problem is it lends itself to some unsavory behavior from some questionable types.Used car dealers have the same image problem.

I was commenting on the difference between the max 15% tax on the investor that holds for over a year renting or the flipper/dealer that has up to a 35% liability.