And if this property has all this upside your being very foolish in my mind not simply paying the 20k more... the seller realizes they sold too cheap... can't blame the seller... when the sellers are unrepresented... its part of the black eye a lot of wholesalers have in the market place.. the perception of equity skimming.

I just don't want anyone to be misinformed about reality vs. perception.

If I got an offer today for half of that I would take it in a heart beat I could care less if I left money on the table for the other folks I only paid 27k for 22 years ago... and that money today is worth a heck of a lot more than what someone may or may not pay for it down the road..Just my perception...

you can do that through points and junk fee's and or any other configuration but you need that amount to make it even close to profitable.so when someone has a perception of borrowing money and see's conventional rates or govmit back rates at 1 or 2 points  they are thinking a lender should do the 30k loan for 300 to 600 dollars..

Cloud Times reports (citied at bottom of post)"A common perception is that rentals bring more blight to neighborhoods.

I find that my best tenants are happier dealing with the owner because they have a perception that i would take better care of the property.

Michael S. what is your perception on the Newark Market?

The *perception* of a market can change much more quickly than the fundamentals ... especially amongst people who don't live there.

Well in theory it is but I can tell you there are great opportunities missed because investors are so focused on finding a property that is distressed and has all the signs of a classic “value add” opportunity that they will often times overlook that A class property, that is fully occupied but under rented, the deferred maintenance may not be that great, the management has the perception of doing a good job (note: I said perception because at one time they probably were doing a decent job but they have become outdated for the market and property and are no longer maximizing the properties true potential) and the price is much higher than the opportunities they are comparing too, which would be the distressed C and low B class deals.

Since I'm a licensed RE Borker, I do not want to have the perception that I deceived anyone in the transaction, so I have to be really careful on how I structure this sale.Thanks,Carlos