Wholesaling properties on MLS

[David Schach]

A quick question for the wholesalers out there. In general what value are you bringing to a deal thats already on the MLS or advertised publicly? I found a property in my area that fits the 70% ARV less expenses if the bank accepts my offer. BIG IF! I know. But why would an investor give me any money on this deal if he knows thats its already publicly for sale and that he could just wait out my contract and make another offer himself? Do you guys have any success wholesaling publicly available properties? OR are you dealing almost exclusively with non-listed and pre-foreclosure deals? any comments would be great.