Now a novice question here so please be kind, what aspect of wholesaling is unethical or illegal?

I knew there could be some downfalls in the rentals aspect of real estate so I am definitely just starting off.

My wife is uneasy with these types of loans due to the balloon aspect, but I'm generally OK with them, as I keep a solid credit score, good income, ample reserves, and have good relations with many conventional and private lenders.

Or am I overthinking this aspect?

Or maybe complete a few aspects of the rehab now so that when they leave you tackle the rest more quickly.

Everyone else has been able to offer their opinions and help without resorting to condescending remarks.

My reason for this is simple, when I was in law school (dropped out, bored and realized I was never going to practice law) an experienced RE attorney and a few of us were having dinner and talking about a lot of aspects of property contracts.

We have 4 different meetings every month to cover all aspects of REI.

Account ClosedJust a small disclaimer: there may be aspects of your agreement with the other person that makes it appear more like a partnership than your post would show on the surface, so be sure to have the conversation with your CPA regarding the code you researched.This has been my understanding as well.

I have so much demand and they're all coming for the community aspect, which is missing so much in today's times.