Wholesaler told me the seller “desperately needs cash asap.” but I’m on the fence about anything I’m told.

Just because some women/girls are so poor and desperate that they are willing to use the only thing they have available to generate income doesn't mean it's ok, or that it is a victimless crime.

Showing up to the house (or calling from their home phone) because they desperately need a van to get to work.

I don't play in the residential space.I do get spammed by (Wholesalers) e-mailing me these (Awesome) deals (residential stuff).99 percent of the time they do not turn out to be awesome but duds.If you are a broker ALL the real estate agents activities that have to do with real estate falls under the brokers supervision.The broker can dictate with an IC agreement what the agent pays for with each activity and how much and even if an activity is not allowed by their company.Many newer agents are desperate to do a deal just like newer wholesalers because they do not have much money to survive.Doing a deal properly falls way to "I need the money at all costs" before I go under kind of stuff.This presents a huge liability to the brokerage.It just isn't worth it.I would say a wholesale deal has just as many hurdles as a real estate listing by a broker.Some deals are tougher and some are easier.You have to get a bunch of steps to happen to get it across the line.Some might say one is easier than the other but I believe that comes down to experience and knowing how to solve problems and get the deal to close versus a new person messing up a few steps or not being able to problem solve on a deep level.

They find something they think is a screaming deal (they’re usually wrong) and then desperately search for a buyer.

Finding a good deal, that has some equity and a decent loan and a seller desperate enough to let you buy it subject to is a TON of work.

Those things go with the business regardless of how smart and careful you are.The number one thing you do to get a good owner financed deal (whether lease option, land contract, wrap, subject to, or straight owner financing) is to find a desperate seller.

I'm more desperate for a deal than Michael is but I'm still able to put his plan to good use. 

This is to all broker/agents out there.If you stand for nothing you will fall for anything.Define your business and what you will and will not accept as a working business relationship.I see many residential agents desperate to get any business and they fall for anything.Some things close and they get money and some don't.The agents bad allocation of time and not getting paid for the time invested wipes out the profitable transactions.This is like an investor buying one good deal and then buying into a second bad deal.Now the 2 properties one making profit and one losing cancel each other out and you are no further along in your goals.Derek why don't you take a continuing education class on bpo's or apprasials,etc.??

When so many are out of work and desperate to get something going fast, these guys do much more harm than good.