Commercial properties are generally going to have commercial agents involved who will sniff out that you’re not a legit buyer Way before you even get to the writing a contract part, let alone getting it under contract.Wholesaling is dependent on you finding ignorant and/or desperate sellers…not educated commercial owners or real estate agents possessing a heart beat.

At this stage the PM has said the value of the property is actually around $35k, also the County Taxes have it at $60k - I desperately need to have it reassessed.

However, doing leasing for years, and doing dozens of Section 8 leases, you really do start to feel for the tenants and understand that many of them are in bad spots and are desperate for housing.  

You have a house that is UPSIDE DOWNYou are not localYou are listening to a desperate seller telling you value.There is no cash flow.DO NOT buy sub2.Maybe a long term lease with option then assign.You need to walk through the house.And DO NOT do sandwich lease option.Look here at my BP blog. http://www.biggerpockets.com/blogs/3-reiskills-and...PM me if I can help.Thanks@Richard C.Steve Vaughan

Instead of buying properties for rental or flips just get a bunch of people together who are desperate to learn and at $33,000 a pop it doesn't take very many to have a great day.  

Its great you're helping them out but I wouldn't risk my business because I wanted to save money on guys who were desperate to take a lower rate.

That's pretty interesting I guess if you are desperate to sell or want to obtain a cash offer the marketing may not make a difference at all.

She desperately needed her carpet torn out and laminate wood flooring planks installed in about 600 square feet of her home.

It seems this could still be a win-win-win.I'm new to this and I've been talking to many quasi-motivated but not-quite-desperate potential sellers.Thanks in advance!

He has now moved to Los Angeles and desperately needs a car for the nature of his job.