You might be able to find out from other SUCCESSFUL investors in the area (at your REIA) or you might want to consult a real estate attorney.Good Luck,Mike

In addition, you will want to consult with a CPA about tax implications, especially if your parents have other assets.

I don't know about yours but a good rule to start with is not to use the title real estate consultant unless you are licensed.

I am curious if there is a market for consultation on projects like this.

Basically, I have come across many businesses and independent consultants, like yourselves, that want to be involved in social media, but there are so many options and information out there, that it is just TOO time consuming for the average working professional to spend the time researching what social media sites are best for them, not to mention WHAT they should be doing with those sites after they sign up.

Greg -Keep in mind that the second closing attorney will NOT have a copy of the warranty deed from the first closing attorney, unless you specifically arrange it.If the second closing attorney doesn't have all the paperwork from the first closing (such as the warranty deed), they likely won't be able to close the second part of the deal.Make sure you consult both title companies before trying to do this...as long as you give them a proper heads-up, they should be able to work something out.

Make sure the $1k is a check made to a ligit title company instead of the wholesale (not to insult your inteligence, I just dont take anything for granted) As far as how to get paid, see if you and the wholesaler can come up with a mutal consulting agreement with a fee that will be added to the settlement statment at closing.

One potential problem with this approach is that it cause the loan to be called in.A lot of loans, especially HELOC loans, have a clause in them that stipulates that the proceeds from the equity that you recieve as a result of the loan CAN NOT be used to purchase real estate.The reason for this is that they want a separate loan on each real estate property to be evaluate on the basis of that paticular property.So ask about any such clause when you first consult with your bank.

Milken, of course, has a "pass" for some reason - he's a CONSULTANT to the bond world and a highly respected one at that..3.

Currently, I am involved in consulting and sales related to green building.