Broking a notes for the purpose of originating a loan, between a borrower and a lender requires a license which state and federal regulations apply.Broking notes as a vehicle for investment does not require a license and is not yet covered under FINRA/SEC.

HUD for example has federal agents who have powers of arrest.I just suggest you either defend yourself if you are in the clear and if not, pay the fine and be done with it.

The federal government rarely puts a lending institution at risk arising from taxes, they have released liens for private notes as well.

If there is a tranfer tax triggered when interest in the property changes from person to person, entity to entity, or any combination thereto, that would make wholesaling lease options and all the other creative wholesaling techniques transfer-taxable.

Navy Federal offers a 100% down, but it's only owner-occupied and 1-4 max.

That breaks down as $82,404 in federal income tax, $22,798 in self employment tax and $16,983 in New Jersey income tax.

As Jon mentioned, if you do a 401k loan and suddenly lost your job and can't pay it back, it becomes a taxable event. - I started off with plain vanilla transactions for the first few properties.- An example of using 401k money: say a $100k investment property, $20k down needed.

This is not based on your state requirements but federal requirements, state laws also apply.

The vast majority of notes are sold whether it is a mortgage company or a federally chartered bank.Originally posted by Craig Sturgill:I just wanted to get advice from someone else and see what you think of the deal with iFreedom as opposed to going with a traditional bank?

But if you have one property that's producing passive losses you can use those to offset taxable income from another property that's producing taxable income.Good rentals produce taxable income.