Are there alot of stupid investors out there ?

[Tzvi Balsam]

A older fellow approached me he would like to sell me the properties he owns he would like to retire. I took a contract on 2 properties so far.

I am not looking to be a "buy and hold investor" as of now because I do not like the management aspect of it. I am only buying to wholesale the deal to another investor, or sell it right away after I close.

Now this is my question are there many investors who will buy a property even if it wont cash flow, or has great numbers, will I be able to get much more money on the open market for it?

Its in North jersey where the market is really hot I would like to hear from other Investors who put properties on the market and had people bidding for it above what it makes sense on paper.

Its a 7 Unit so I understand it will be different then a 1-4 Unit.