I'm not saying you're committing fraud but a lot of people will do this type of transaction to avoid putting down the 25% required for a multi-family investment property.

If I were you I would look into transactional funding for some of your wholesale deals.

Jim Jack,  Like any business transaction, 'signing the deal' theoretically holds 'more weight' at your office / virtual office, or other related 'place of business...'

awesome jobnow your thinkingyou can create your own terms and payments and and and-get with your paralegal to get all the paperwork set upget your cpa and figure out how you have to structure to complete the transaction and get er doneI forgot about that I have to write that one downenjoy

If the new agent does that though they can waste months of time with nothing to show for it and possibly MISS a realistic buyer that comes along that they could do a transaction with.Newer agents worry about upsetting any lead that comes along.

@Sandy UhlmannGenerally this transaction does not run afoul with the IRA prohibited transaction rules provided the following is satisfied. 

And how would the bank be involved in a wholesale transaction if they have a vested interest on the property?

There should be a land registry office with all transactions and surveys on file.

If it is for someone else, a clean wholesale transaction would work nicely.

We have worked out the interest rate and amortization schedule, now I'm in need of a "mortgage" agreement between myself and the partnership for the sell transaction.