Perhaps Steven Hamilton II can shed a little light.I think this whole S-corp to avoid SET is overrated.

There should be plenty of other folks that chime in on this that can add a whole lot more.

But I used to just buy new locksets or swap them out since I had a whole box of them.

A wholesaler could actually NEVER have a loss, so this shouldn't be a concern at all.Great point, if a rehab flipper, then yes, a concern, but s a wholesaler, the whole point is not having any of your own money at risk or in the deal, thus no way to lose.

In actuality, I wasn't trying to market it before putting a contract on it, just wanted to find out who the players were so I'd have some contacts in place when the time came... the whole thing just spun out of control out of my trust for someone.

I was very inconstant with my trowel pattern to give a rock look.Step 4:After drying overnight-Hydrate-use sprayer and soak everything with water thenImmediately after-Stain-use sprayer Repeat if darker tone is desiredStep 5: After drying overnight Apply top coat with a paint roller15 minuets in between coats 3 coatsLet dry over night (BAD FUMES so don't stay in house long)The whole project wasn't that bad...even a little fun.

I don't mean you can finance the whole purchase price, but you can finance based off the full purchase price.

I did not see the whole speech but I did catch most of the response.

Lighten up Francis....My planned exit strategy is wholesaling (as most of you know) but this doesn't fit the cookie cutter deal mold.Here's the whole story.

An Equity Loan would be nice, cause it would be a "fixed rate" but you'd be paying on the whole loan amount the whole time, whether using it or not.