4% seems reasonable for a wholesale deal where have the property under contract and are committed to actually finding a buyer, as you would be if you had it under a contract to purchase or a listing contract (wholesaling and brokering are the same job, IMHO.)

When I come across unreleased trust, I will have my processor put an exception in the commitment requesting a letter of indemnity or recording of a release.

If the agent knows about the end-buyer, the agent is committing fraud as well, and putting his/her career on the line.I'm not an attorney, but that's my advice...

Again, you'll have trouble getting the bank to approve the sale if you disclose that you'll be reselling and you'll be committing fraud if you don't disclose.Plus, most banks have a required hold period after you buy before you can sell (30, 60, 90 or 120 days, depending on the bank).If you don't mind holding for 30-120 days before you resell (and don't have an end-buyer contract at the time you purchase), that should work.

What I have come to discover is that many of the most successful investors buy/sell their first 2-5 mobile homes in parks or on land before committing their time and energy to become licensed.

If so, you would have likely had to turn something to support the loan into underwriting like a copy of the conditional commitment or similar.

I would also recommend getting, in writing, a commitment from whoever is really running the business that they will be staying on.

Hi all,I have a one bedroom apartment I am looking to make some improvements on, but would like to get my budget critiqued before I commit...Currently, this unit is rented at $650/ month.

I'm attempting to explore all options before I commit to anything.

Well, I'm committed to the trip regardless so we'll see what's out there when I show up!