Sincet hey own it, they have the abiliity to turn on utilities and if they don't, they are obviously hiding something.You have two options, pass or figure absolute worst case on your rehab budget and make offer accordingly.Is this common in a wholesale deal?

The trouble is that people may not know each other extremely well in some of these cases and all parties are worried one of the signers will run off with the money.

When we get a listing on an apt building, normally we call every owner + cash buyer in our specific area (this is a list that is EXTREMLY hard to find and requires a TON of research)... only after exhausting our resources do we place deals on loopnet.

If you invest in a duplex or higher units, your pool of potential buyers when you want to exit becomes extremely limited - pretty much investors only, and most investors want a steep discount.

., it would be extremely difficult for them to claim you took advantage of them as innocent homeowners – entity or not.

We all know this, it's common sense.So the question is: why do they do it?

He was extremely appreciative and we came in over contract price.

I think this is a common practice for every investor.

I think the dramatic increases we saw during the bubble are extremely unlikely.

it's common to charge a storage fee, or transaction fee on top of whatever commission is earned.