Tom Wheelwright’s WealthAbility is a full-on SCAM with shoddy ‘business practices’ that needs to be investigated for consumer fraud!

@Nicholas DiSanti I definitely wouldn't say you are going to live there and then not live there since you could get in deep trouble for mortgage fraud in that case. 

Hey @Marv Edelstein, as an agent you will need to begin building your identity as a trusted advisor in home sales and purchases.

@Eric JusticeSeller Financing is identical to any other type of financing.

They have a whole department that investigated "occupancy fraud", which is a felony.The rules state that you must live there for at least 1 year.  

It's about a dozen, identical one bedroom "modern" cabins that sleep 6.

Vacation home purchases are very volatile as they’re one of the first assets to be sold in a downturn.2) The volatility of single family and multifamily are nearly identical.

It's possible the deceased father agreed to let her manage the property and keep the rent net for her troubles, but the title/ownership remains in him so his heirs would inherit it as a legacy.I suggest your friend familiarize himself with the statute of frauds which I believe requires agreements regarding real estate be in writing to be enforceable.

You would be better off having two properties at 50% leverage than one at 0%.3) You lose out on appreciation benefits by having one property unleveraged when you could have four properties at 75% leveraged4) Unleveraged properties are a target for ambulance-chasing lawyers and also now fraud. 

But since this isn’t the traditional bank I can walk to down the street, what is to stop them from receiving my sensitive information and running off, stealing my identity, etc.Thanks for reading!