Second, list price is not a benchmark for a good deal, you are hung up on beating up the seller and if you are not achieving a win-lose scenario, you walk away.

The appraisal just came back and I’ve got instant equity because the appraisal came in higher than my purchase price.

I had enough to cover it, and the deal ended up being a great win overall. 

You can also use FHA with 3.5% down as well although may be harder to win in a more competitive market.

A win win win situation.  

The rent projected on it was $1,850, but they actually rented it out for $2,050 which was a big win for us! 

Oh yeah, it opens an artery on them, because the better DOMESTIC economy goes local small business wins. 

Angel,The 2nd lien programs I offer all allow for AVMs(automated valuation model), they provide a value instantly and you'll know how much you can borrow instantly without having to pay $500 for an appraisal just to maybe get nothing.Zach

Still in the earliest phases but my cost is relatively low so a win/win is high probability.

Wholesaling, when done right, can be a win-win for everyone involved, and my goal is to ensure that happens through transparency and education.