There are definitely gray areas of wholesaling that may not be ethical or legal, but that is in every state.

Although "foreclosure re-conveyance" schemes can be beneficial and ethically conducted in some circumstances, many times the practice relies on fraud and egregious or unmeetable terms.[1]Source: http://www.flsenate.gov/Laws/Statutes/2012/697.08 697.08?

So I kept doing research and the concept seems pretty straight forward, and from the looks of it, it IS legal as long as its done correctly but I still have my doubts.My questions to YOU, the more experienced "creative real estate investor", is wholesaling indeed a legal and ethical practice in the state of Wisconsin??

Is it not ethical to borrow from PMLs if the financing is non-recourse?

What's the value of his knowledge and how do you know it's correct, ethical or even legal?

I personally think that perspective is relative so find a way to accomplish what you want ethically.

That said, I question the ethics of a company that offers a 50% discount to someone who wants to cancel while charging others the full amount.

I run my business legally and ethically but that incident got me thinking.

Please share 1 or more stories about BP inspired Real Estate deals done or any creative ethical real estate deal story you can share with the new and impressionable. :-) Thanks!

Doing business in an ethical way is a given.Sharon