I'm selling it so cheap, that I doubt the buyer is going to to care either.

I will begin wholesaling very soon and as I begin my wholesaling education, I do have a question for you all.In order to be a great wholesaler, one must understand the wants and needs of end buyers, correct?

My goal is to buy the property via lease option purchase and then resell it with a lease option purchase and cashflow while waiting for the new buyer to qualify for a loan.My concern is that the monthly payment could eventually exceed my cashflow.My original thought was that I set a fixed monthly rent amount in my lease purchase agreement with the seller, and anything above that is his responsibility.But my concern with that is what if he doesn't continue to pay the mortgage?

Kitchens and bathrooms are the rooms that draw people in and it will be obvious if you skimped which might cost you time and money waiting for the right buyer. 

He said the following: "I am sending you what four other prospective buyers have received.I got a specific Power of Attorney from my wife before she left for California.REMEMBER NO CONTINGENCIES."

Just getting educated about the process of buying an "assignable" tax certificate in Illinois and getting a tax deed if the buyer does not redeem.

When you decide you want to get rid of it, finding a buyer will be tough.

We did pay 3% buyer closing costs and 6% Realtor commissions, but made a huge profit.

It has no bearing on what price the lender will agree to.Points to know....First, use an Experienced short sale Buyers agent....there are just to many things to look out for in a short sale.Find out how many mtgs/liens are on the property....many times a buyer has to pony up extra money to satisfy a junior lien holder, above what the first lender will offer them.Assuming all paperwork’s has been submitted, expect 30-60 days for bank to do a bpo and accept=counter your offer.Submit a gc repair estimate with your purchase agreement.If the comps are $200k, you’ll never get it for $80k unless there is a serious documental $100k problem with the property.

If the buyer is not himself an agent, I don't think there is any law or (normal) contractual provision that prevents a buyer from contacting the seller directly.