You did not mention the refinance but the concept is still there and the refinance is used simply to get money out and do it over again.

Yup I have heard of IRA lending and I have a stock account that has a margin set up, unfortunately that account has taken some hits recently so ill need to build that margin back up again, but That concept is really smart, when that account was rocking I had a huge margin available to me and that would have been a smart move.

It's all based on the legal concept of risk of loss - If risk of loss has passed from seller to buyer then the sale is deemed to have occurred even if deed has not transferred yet.

These are two different concepts, tax status vs legal liability.

The fiduciary responsibility to the seller if you're representing them in any way is somewhat at odds with the concept of wholesaling.

It feels like everything around us has become just a little more difficult these days. Packages are taking longer to arrive delaying progress, money isn’t going as far as it used to, and our time is becoming “our time...

The 2 LLC have no business connection so I'm struggling to justify this transaction and how to correct it.Should I post a correction journal to transfer the funds back between the 2 companies ?

As Justin stated, Virginia operates under the concept of Caveat Emptor, buyer beware, there are no disclosures.And as an FYI.....your estimate for the plumbing work is absolutely crazy high.

https://www.politico.com/news/...I am a broken record here on BP but here is a great (probably to long) article about the impact of easy money on asset prices (from the politico of all places, wish the Wall St Journal had the balls to deep dive this topic). 

It discussed the concept of neutral thinking to overcome challenges and also how to get to the truth quickly.