Is wholesaling respectable?

Obviously subsequent loans would not be cash out as no equity would be established in a short period.I refinanced one borrower three times in back to back closings under the same wholesale mortgage banker as interest rates were falling and paid the differences in settlement fees for the borrower!

It's a personal choice and I respect how others decided to get into the business and expected the same respect in return.

Establish an LLC separate from your private investor.

I definitely need to make some calls and get legal advice, but I wanted to get some respected opinions as well.

That's taught in guru 101.Bill, we have thousands of posts here that already have pointed out issues with your suggestions, it's old stuff, I'm not reposting all that for you.I never said seller financing was dead, it's not, in commercial or in compliance with residential.Search "unrecorded contract for deed" it's already been addressed and a very bad idea, but it is how many were done 20 and more years ago.Figure this out Bill, a seller would sell his property on a CFD to a buyer, then I would purchase the property and the CFD, saying your seller or buyer is "protected", that's not true at all.This isn't Long Beach, you're on a national stage where we have several experts in their areas of RE and finance, this site isn't a captive audience of gullible newbies and we protect our new members.Now, if you had eased into the forums with contributions and established your ideas instead of blasting in here with nonsense about how creative you were......well, that's hind sight now.

What are the respective prices on the two properties?

Mark:Just as an aside, their marital status is irrelevant with respect to domestic violence.

After paying off lots of debt and establishing myself financially, I began exploring the stock market last year, and I quickly found out that the stock market enables the rich to get richer, yet does not service those looking to build wealth nearly as well as I thought.

@Mike Bryant - We don't currently have company pro accounts, meaning anyone who wants to have access to pro features needs an individual pro account.We floated the idea a little while back, but got little response.Ultimately, if there was enough interest, we'd be happy to explore creating corporate PRO accounts, but we would really need more than a handful of people who want these to be established.