I'm not a lawyer and don't know the potential truth behind the statement but it is something to think about.Just something to look into as part of your DD (no legal advice)

Taxes, HOA fees, interest, insurance, cleaning, repairs, lawn care, legal fees, CPA fees, etc.

I told him that if I didn't pay the bird dog he would never send me another deal and the assignment of contract is a legal document that states the amount of money that I agreed to pay him.He says he doesn't think 30K can be made in just 5 steps.

Is anyone willing to connect with me and give me some insight on this process and the best techniques to streamline it and/or refer a legal counselor or experienced wholesaler who understands the midwest/Wisconsin regulations on this type of business.

I am at a stage now in the development of this business where I am trying to make sure I am following all the federal and state (Wisconsin) regulations of wholesaling real estate.My question to the community would be, what are some free and/or very inexpensive legal resources that understand this type of real estate business.

Life is easier on the payer and you get your payments when they are due.As for the grace period, nearly all legal documents state “due on or before”.

I have chosen however to make an appt with an attorney ($165 consult) just to get all my facts straight on legalities before I have any contact with them again.

It is always advised to check with legal consul before you do your first transaction.

I also dont want to skip out on legalities so i dont get in deep problems.

Bill Gulley It is a great post about the legal perspective and the loan origination perspective of lease options with market rent and rent credits.There is another perspective of lease options that is missed many times, it the IRS tax court.I will post here what my CPA has said to me over the years.STRATEGIES TO AVOID RECHARACTERIZATION OF A SALE:Where the parties want to avoid having the lease/option recharacterized as a sale, the overall planning strategy is to avoid or minimize the above indicators of a deemed sale as follows:1.