The transaction is actually completed at a "closing".

Is that legal under the SAFE Act?

Meaning, do I need to inform the bank of the transaction/settlement or kickback toward closing of 7,400?

This would be considered a "Flip" transaction with most lenders and is thought to have increased risk.

. / etcPossible transaction :==============================================Sub2 - borrow money from Sub1 at 7% for 9 months Sub2 - borrow new obtained funds to Sub3 at 14% for 7 months Sub3 - completes rehab, market property, &sell to new home ownerSub3 - pays back Sub2 original loan amount + interest used ( 14 % + rate )Sub2 - immediately pays back Sub1 + interest used ( 7% rate )Sub2 - made interest off of Sub3 rehab deal basically ( the interest rate difference )Everyone happy -> sub1 , sub 2, and sub 3Again~I know their laws & licensing for offering private/hard funds

It is a chlorine dioxide gas - which is safe to breathe in the quantity this packet produces.  

However, about 4-5 years ago I never spent over $500/mo on marketing and I would average 1-2 transactions per month.I am in the process of launching my first campaign since being MIA using the same method and hoping for similar results.

figure out your exit value (sale value minus transaction costs) and that should spit out your expected return.

I would just be wondering if I go to a $60,000 distressed home in rural South Carolina - pretty much my market for wholesaling or assumptions or whathaveyou - am I safe in that situation?

so if I wholesale the Reo as worded in the second option there will be no problems or Transactional funding, Title insurance,mortgage pre approval ect.?...