Very simple concept.

k, thanks Bill.I had a course years ago by a guy named Joe Kaiser that was called the Helping Hand where he would pay off the back pmts, go on deed, and then if the owner got behind again he got the house---but he would usually just sell it and share some of the proceeds with the hm owner.Interesting concept.

The concepts can be made to work, so the question becomes is the purchase of old ideas pretending to be new ideas really worth paying for, or can you discover those same ideas on your own with some diligent reading (like here on BP)?

But I would certainly be willing to give my inputs to help bring this to fruition.There were a number of people who thought this was a good concept, but not too many of them are stepping up with commitments to DO something ...

I have not quite wrapped my head around the refi/pull money out concept.

I understand the concept, but how does it work?

An interesting concept of "Custom Flipping!"

A couple other concepts in the post that are not making sense.  

One thing that @Chris Martin mentioned was the HUD1 where all fees must appear; the release fee can appear on the seller side of the HUD1 so a buyer using bank financing can get that fee paid at closing since it comes from the seller's proceeds (almost like paying delinquent property taxes).Here's another thread where somebody explained how they used a release - but in another state but same concept applies:http://www.biggerpockets.com/forums/223/topics/140...A simultaneous closing is still two separate closings, so still two sets of transfer taxes; some use that term to indicate that no transactional funding is involved (only end buyer's funds show up in the two sets of closings).As an end buyer, I expect the wholesaler to actually pay that extra set of transfer taxes at closing, because i sure am not ending up having to pay that!  

You will need it anyway when it comes time to get authorizations from the current lien holder to order a payoff.Granted this is a complicated concept for 99% of realtors to understand, so yes I would just go find another that does understand or is willing to learn.