Yes, see your attorney.Here is a disclosure you might use:Dear Bank Teller,I am not holding up your bank nor am I to be considered a bank robber, there is no need to press any alarm.Now that you understand my position, clean out your cash drawer and put it all in my bag!

That leaves you private investors holding the bag if something goes wrong.

However, it's definitely something I will but in my bag of tricks for future houses and may consider looking into it on this one if it continues to sit.

If they see they are going to lose the whole bag of marbles they could just hand them over and not even show up to play.

I know everyone is going to disagree with this but the truth of the matter is your dealing with dirt bags.

So, all these younger green newbies that come in with the announcements that they are fair dealing, honest, forthright and ethical is a bag of horsefeathers, your actions will determine that, not claims, especially in RE and more so in wholesaling as it is the most corrupt area people deal in.

I am asking because Frank is not familiar with contracts, so he really is left holding the bag on this.

Cats out of the bag, horse has left the barn, only thing to do now is ride out the system because you don't really want to go to jail for arson.

These guys only care about making money and have no issue let someone else holding the bag.

Even if the paperwork says his sister gets the money, if it is to pay off his debt, it is still considered income to him.If you pay him with a bag of cash outside of settlement, then when you sell the property you will pay taxes on an additional $30K of capital gains.