There are ethical and practical considerations.As a practical matter, unless the 35% partner never sees the closing documents, he will know about the hard money loan because it will be financed at close (presumably used as part of the acquisition funding) and will show on the HUD.

I kinda get a kick out of seeing all the little people defending the extreme wealthy, as if they truly believe they have a chance to join their country club....just funny....I'm certainly for making big money, having a great life, but that's not the agenda any longer, it's all about money and power, which are practically the same.

However, yes at the end of the day the preparer can be fined or even suspended from practicing, the Taxpayer is the one who is stuck with the bill.K.

I just thought about all the years I had rented and how much I appreciated a nice and proactive landlord and wanted to emulate their practices.

So I know I can do the legwork to set up and market a succesful wholesaling practice.

Is this already a standard practice among wholesalers?

Unfair trade practices carries a big club.

What is the real purpose of your "system automation" does it support ethical and legal practices to a business mission?

That’s for sureSo for $X a year I would add that additional layer of protection (on top of $500K in liability insurance of course)Good to see someone actually got some info from practicing attorney’s on this complex subject, thanks!

When I told her the rent, deposit and other basic info, she practically started yelling at me about the price of rent.