You must have two years of tax returns to show your income from other business ventures.

@Mike Dymski I'm a new investor and very eager to learn the proper way to conduct business in any venture I take on.

There's also a joint venture contract that you can do between you and the other wholesaler that should protect you from getting cut out.

I'm so lost on this sort of thing and I am really motivated at getting started on this venture but I'm all alone and need some guidance. 

Hi Greg, Maybe call around locally and see what the competition is getting and what they are offering regarding access and security to price yours appropriately.In some areas this looks like a promising venture.

I imagine that is your plan as you said earlier you've got $5,000 to put into this venture.

I've never ventured into the HML world, and stopped offering non-qm, because 95% of people don't believe me when I say that rate/fee shopping these loans is 95% about how much risk tolerance you want the lender/underwriter to have, and 5% about getting a "better deal."

This would be my first time venturing into the real estate realm so there would be lawyers involved but before talking with a lawyer I wanted thoughts and opinions.

If not Joint Venture with someone who does.Wholesaling is a great way to generate some cash quick.

Really happy to have found one site that addresses so many aspects of my new venture!