It's when you get tied up with someone that gives you a line of assurances and promises that aren't usual and customary, or based on some preceived notion that the guy you are dealing with really can follow through is where you get in trouble...IMO.Due diligence cuts both ways.

We made no promises that we'd put in any offers, and she didn't require us to sign any agreements upfront.Ultimately, after a full-day of looking (probably 30 houses in one day), we put in an offer, closed 3 weeks later, and she made about $15K for about 10 hours of work.I imagine that offset the times when she showed people houses all weekend and they didn't make any offers...she realized that hers is a business of service and numbers, and that if she only wanted to deal with people who guaranteed her a commission, she wouldn't be doing nearly as well.

Tax assessment was 85K.The arrangement I've made with him is for a percentage of the profits upon the sale of the property.He is promising 20K return on the 35K in 6 months(completion of renos & sale of the property)What do you folks think of this?

No representation, promise, or inducement not included in this Agreement shall be binding upon any party hereto.

I also have a local contact that runs an HML shop (50% LTV) and promised me returns of 12-14%.

Whenever I hear the term "Co-Wholesaling" I immediately think newbie who has been sucked in by Guru promises.

What about those bartending props (fake bottles) and walk into some bars/clubs and ask the manager if you could show him a thing or two on the fly?

I've done business with several BP members with almost All positive results...the only negative was a broker who promised me a loan and never came thru...but as far as dealing directly with people, I've researched them and their deals...

This could be very bad if he is not the listed owner, or it could be very good as an attorney can be a great referral source for other motived individuals who need to sell their homes due to divorce, lawsuit settlements, ect.Make darn sure you know what YOU can do (and what you cant do) and do not promise anything that you may not be able to accomplish.Good luck and go for the best!!!!!!!

Don't forget your promise to act.