So many people misunderstand LLCs it's crazy.

Since HomeReady and conventional loan guidelines don't apply to 2nd liens, this is probably irrelevant unless I'm misunderstanding the question.  

I really like the discussion about being ethical and avoiding any of the misunderstandings that wholesaling can often bring.

Did I misunderstand?]

@Tushar PrasadNo, I think you misunderstand the concept. 

I read all of the above posts and there seems to be a little misunderstanding of what an umbrella policy is.

Too many misunderstandings and misconceptions here.

Or did I misunderstand that comment?

In my area, I know of a couple listing agents/brokers who basically lost their REO business by doing this, and the rest aren't going to risk their livelihood helping investors make more money.Perhaps you all are misunderstanding how it works/the terms being used to explain the process.

When I've answered those questions they span a long time, so I'd be inclined to suspect the first.But perhaps I misunderstand the issue your applicant is having.