My parents withheld the garnisheed amount from his paycheck each payday and sent it to the collection agency.

so to play devils advocate Pratik  if the property will sell for 200k and you negotiated 150k  and in Sac you could list it on MLS for 200k an sell it in a matter of hours for all cash.. what value do you bring to this deal for the seller.. they would net closer to 185k than 150k I see this all the time that wholesaler bring value in some markets I get that especially low value super rough areas that are underserved by the RE community but I fail to see the value proposition you bring when you make these kinds of margins.. how do  you explain this to the seller that their home which you KNOW is going to sell for 200k is only worth 150k because you want a big pay day.. how is that bringing value.. ( just playing devils advocate this morning and curious of your response or rationalizing this )

I worked on a messy short-sale with title issues for 13 months before I got paid on that one..... but the pay-day helped me quit my final job.... 

I also understand that banks might be more willing to deal at the end of the quarter or year - the fewer properties on their books, the better for their balance sheet. end of quarter is a real thing I bought a big mansion that a NBA player had gotten 3.4 done  on a disposition from wells fargo .but it had to be off the books by a date certain so we had about 6 business days to close it.. we paid 1.7 million in cash for it. then refinanced it after we owned it and pulled out another million to finish it.. turned out to be my best rehab ever sold it first day on the market for 5 million :)  I had 2 other partners.. so its was a nice pay day.. but that all happened because wells wanted it off their balance sheet or default list by end of a certain quarter..

I had a plan that if I leased it twice (4-6 years total) and it still didn’t go all the way to closing, then I would try and flip it for a quick payday.

The say they will be able to pay the remaining balance on their next payday?

The laundry contract is up in October, so that'll be somewhat of a payday when we renegotiate, and we'll upgrade the machines to take credit cards.

I have a tenant who would like to pay half the rent every two weeks to coincide with payday.

However, your payday sounds substantial and if you step out, you loose the upside if buyer defaults and just have to step back in and fix it.

Sellers want their big pay day.