None as long as you use the collection company and were only talking $20-$30 a month for this service...As I mentioned here use the vendor vedee transfer and hold a second and get a substantial cash down... 5.

So I kept doing research and the concept seems pretty straight forward, and from the looks of it, it IS legal as long as its done correctly but I still have my doubts.My questions to YOU, the more experienced "creative real estate investor", is wholesaling indeed a legal and ethical practice in the state of Wisconsin??

I'm worried because my loan officer's worried and that makes the property look bad but I don't see why VA would not consider it eligible, from what I've heard they seem to guarantee loans for mixed use properties in a residential area all the time as long as its in a reasonable stand point so I don't see what the problem would be on something this simple.That's alright Cal, it's still good information to know.

As long as someone can get a loan for the property, all the bank has to do is wait and they know that sooner or later someone will buy it retail.

The issue with "borrowing against the box" is the call feature if the portfolio value drops, so long as you allow for a sufficient market fluctuation you should be fine.

If you're getting a $120K asset with only $5k down, then you're getting some very good leverage, and not having to either (a) pay closing costs or (b) use up one of the conventional mortgages on your credit report.So, as long as you're not requiring the asset to produce substantial cashflow, I'd consider to pursue it.

So an investment whose value is determined by ongoing auction, such as stocks or real estate, makes a good vehicle for your devaluing currency so long as there are market forces to drive the price up.

I'm not a licensed realtor and yet my contract are in fact legal so long as they are between me and my tenants in my own property.

However as long as their lot rent was paid they were pretty harmless most of the time.

This relieves them of the obligation to pay the debt (mortgage)...but as long as you're paying for the mortgage and the property is NOT in foreclosure (meaning, not behind on the mortgage and the seller did not receive a Summons to Foreclosure or Lis Pendens), then the BK should NOT really matter to you.