Gary,The truth is many wholesalers don't have a dime to their name.They read some get rich quick crap and try to lock up properties for 10.If I am a listing broker there is no way I would allow the seller to go through with such a deal.I would insert multiple clauses if they insisted to a right to continued marketing and a termination clause by the seller at any time in the contract.After all if YOU the buyer have no risk then the SELLER should have no risk either.If you put up a bunch of money that you stand to lose you will hustle like a SOB to FIND a buyer that will perform.If the seller tries to pull the listing early or withdraw there usually is a protection period built in for the broker unless the seller re-lists the property with someone else.Every seller will go through a sales cycle.Sometimes these last more than a year.The further desperate they get the more they will drop on price and be open to creative financing to eliminate their problem.Banks are sellers too and operate this way.I see many bank foreclosures overpriced.Over time they reduce to sell.If you are a wholesaler finding listings on the MLS is NOT the way to go.As a listing broker I would simply tell my client.Rather than selling that low let's keep reducing the price by xx percent each week until we get a contract.This way you will know the highest price the market will bare and not leave any money on the table.The problem is often listing brokers wait too late for a price reduction and it is still overpriced.When a seller reduces they have to be in the bottom 50% of for sale pricing to get a contract unless they have an unbelievable property which isn't the case 99 percent of the time.

So, I am not negative on the Iphone at all, it is an amazing phone, I am just addicted to my BB!!!!!

Unbelievable.

I'm pretty sure this is a good deal - my offer was accepted, but I still have an inspection that needs to pass.Duplex (side by side, 1,600 sq ft each side)Purchase Price: $19,00020% down - $3,800Mortgage on $15,200 @ 7% (commercial loan) $117.84Taxes $2,300Rents $1,000 ($500 a side)Now, this alone is an unbelievable deal - but it needs work.

I knew a couple folks who have done mobile home deals, and the margins were quite high due to the stigma that mobile home parks are "just a bunch of crack addicts and meth labs".

with a addict for a brother, an illegal grandmother or whoever she was, plenty of formerly appointed tax evaders to office....................and the CARDINALS made it to the super bowl, I mean come on, anything is POSSIBLE

The amount of cash burn going on over there is unbelievable and it is only going to get worse.

Like I said in a previous post, a local guru, put a deal forward showing unbelievable numbers, and I looked that property up on PropertyShark, the numbers on his deal were totally fabricated.

Hello everyone, I just started reading BiggerPockets and I have to say I'm somewhat addicted!

This would be unbelievable.....