(check state law)If they want to haul you off to court, with all your documentation, they won't stand a chance.

I would really prefer to give my price and let it stand without any negotiation.

Its the polarization and the willingness to stand pat at all costs.

I know isn't free as I am compensating rent (cash flow) but right now I stand to make more turning the vacant units cheap and getting them rented out.

Without knowing the numbers, both ideas could be good, both could be bad, or one could stand out as better than the other.There's a ton of other information that would be helpful, but those two things are most important if you want informed opinions and advice...

BPO stands for Broker's Price Opinion.

“I believe that banking institutions are more dangerous to our liberties than standing armies.”

Gary,The truth is many wholesalers don't have a dime to their name.They read some get rich quick crap and try to lock up properties for 10.If I am a listing broker there is no way I would allow the seller to go through with such a deal.I would insert multiple clauses if they insisted to a right to continued marketing and a termination clause by the seller at any time in the contract.After all if YOU the buyer have no risk then the SELLER should have no risk either.If you put up a bunch of money that you stand to lose you will hustle like a SOB to FIND a buyer that will perform.If the seller tries to pull the listing early or withdraw there usually is a protection period built in for the broker unless the seller re-lists the property with someone else.Every seller will go through a sales cycle.Sometimes these last more than a year.The further desperate they get the more they will drop on price and be open to creative financing to eliminate their problem.Banks are sellers too and operate this way.I see many bank foreclosures overpriced.Over time they reduce to sell.If you are a wholesaler finding listings on the MLS is NOT the way to go.As a listing broker I would simply tell my client.Rather than selling that low let's keep reducing the price by xx percent each week until we get a contract.This way you will know the highest price the market will bare and not leave any money on the table.The problem is often listing brokers wait too late for a price reduction and it is still overpriced.When a seller reduces they have to be in the bottom 50% of for sale pricing to get a contract unless they have an unbelievable property which isn't the case 99 percent of the time.

I for one wont stand for it.

Not bad but not that good.I know this person very well but I just want to know how I should go about approaching them from a investors stand point.