I want to Wholesale but I don't want to get into legal trouble.

I do not have any legal entities.

hey everyone i went to the bank and applied for a loan to see what happens and i was approved for 150k what would be the best move for me as i have never bought realestate before and have income only from my business.

Also I believe legally in L.A you can only rent out the house a certain number of days since city has been restricting short term rentals .Guess I’ll be interesting to see if the house sells for more than the comps in the area .I live in L.A and it doesn’t seem like celebrity owned homes necessarily sell for more but I don’t know if this is different .

Then you can confirm they are not on the FHA approved list here: https://entp.hud.gov/idapp/html/condlook.cfmThen if you find a good deal you can look into the HOA resale package and find out why it is not on the approved list and then see if it is a good fit to become FHA approved once they loosen FHA guidelines on these restrictions.

It will be tough to find a HML who can fund the deal fast enough for an auction property.Auctions typically require full payment, in cash, within 24 hours of the end of the auction.You would need to get pre-approved with a HML and have the funds already available.Otherwise you could find a private money lender or partner to take on the deal as well.

Good morning and Happy Saturday.Can I ask if anybody knows maximum number of unrelated people can legally live in one house in Howard County, Maryland?

The legal postings help drive home the point that you are serious and ready to exert your rights to the fullest extent of the law.

A potential concern of renting to military as that we are able to legally break a lease if put o military orders (I.e. change of assignment or deployment).

If the house is in one person's name, then it's their property and you'd have no legal rights to it.