I want to do Co-wholesaling and wholesaling myself.

The title co. can tell you.

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.

As for myself, I dropped out of business school to pursue my dream to be a "business man" and now I currently co-own a growing commercial cleaning business (its really not my passion at ALL) which pays the bills, so I as well have a business background,but its just not the kind of business I want to be committed to full-time anymore.All this week I have been working on a business plan to pitch the idea to my maybe future business partners, did a ton of research on how to wholesale, but I can't seem to find out the legality of this practice in Wisconsin especially with the whole "assignment of contract" or "double closing" methods.Any help would be GREATLY appreciated.

Cheyenne is actually closer to @Mark Ferguson who is only 50 miles away in Greeley Colorado, or @Michelle Y. who lives in Cheyenne.

I spoke today with a compliance investigator in Colorado Attorney General's office, who informed me that if I purchase a loan in default and eventually have to move to foreclose, I will not be allowed to foreclose without my company first obtaining a collection agency's license.

@Lilly Kane what kind of preapproval do you have....traditional or HML, local or from an Internet co.?

IN Colorado when a home goes through the foreclosure auction all liens are wipes off except for a few like water and HOA.

I would like to have these students (cosigners) properly screened, put the parents on the lease and possibly raise the rent.

I could try for a bank loan, but my parents would need to cosign, and (1) they wouldn't even consider doing that for their 18-year-old son and (2) I'd rather keep immediate family out of the equation.