This is very standard practice.

I guess he wanted to test me how persistent I can be.However, once he invested, all I needed to do is call him and he invested in practically all my acquisitions.

No use the collection company to make all payments have heard something like a 3rd party servicing the debt so not to raise eyebrows but I don't really know what that means.It's common practice for a lot of property owners to use 3rd party collection co to make payments 4.

[citation needed] Several states have taken steps to confront the more unscrupulous practices of equity stripping.

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??

For the RE license I enrolled in 3 online courses (Principles, Practice, and Finance) offered through California School of Real Estate and purchased a study guide to get me started.

Finding properties that fit the 2% rule is a joke and even going with the 1% rule is practically non-existant.

With the colleges here, typical vacancy rates for every landlord I have talked to is a practical 0%.

I only paid 1500 for it, so its basically a guinea pig to practice and learn.

Trying to scare or intimidate or threaten or coheres a debtor can be construed as unlawful collection practices, by phone or in writing.