Of course what he’s doing is creating a book of private “listings”, tying them up at a specific price for 90 days, and only closing if he can flip the contract for a higher price to an end buyer.

If your area has public services that traditionally are in a position to put a lien on a property, then it seems to me that this due diligence should have been performed.On the other hand, if it's some private water company with no real public ties whatsoever and nobody ever searched their records for bits and pieces, then I could be dead off here.I'm also not saying you should spend you all your capital on litigation.

@Benjamin Barraza congratulations on tying the knot! 

it does not make sense to tie up 80K in this way.

@Mariam Soorosh Philadelphia has strong fundamentals, with certain neighborhoods possessing stronger fundamentals than others.

You have a lot of money tied up into a non performing property.

While Newark may have potential, Columbus offers a broader range of options and stronger growth prospects.

You want to make sure you have the property tied up before you start telling investors.

There are definitely a lot of wholesalers doing "DTA (Direct To Agent)" but you really need to know what you are doing otherwise if you are just someone who is tying up their deal and wasting their time if you can't properly dispo it, you're going to burn your reputation.

The ones I had didn't listen to tenants when showing or consider local employment/ties.