Found an ad in the newpaper something like this:

"Duplex for sale 95k or best offer, good condition, 17k a year gross."

I want to wholesale or bird dog this property if it is a deal.

I was going to call today and g...

How are you approaching them?

I had a wholesaler come to me with a deal that looked like it needed work, but the price he locked in was too high (after figuring costs).He brought the deal to another investor who wanted to just buy and flip it.Well, according to the other investor, he said since it was listed for a certain price, regardless of whether the comps were 50K less, because it was listed you couldn't just up and flip it for more.

We believe this is the safe approach; less time could be O.K.

Since many of you on this message board are experienced investors, I was wondering what you think? Experience is the best teacher so I would love to learn from someone who has that experience. What is the best way t...

The rest went back to their dizzy day-to-day existence never knowing what they missed or why I never approach them with new deals.

This was just recently brought up here:http://www.biggerpockets.com/forums/50/topics/12495--quot-subject-to-quot-question-informing-the-lender

If you dont get the house for that much then just walk away..this is what im doing from now onI see a house i put an offer in they counter offerlets say the house is 100k I have preset im not going into the house for more than 70k. so i offer 65k they respond with 90 i respond wtih 85 lets just say they accept. then i would do my inspection and everything i found wrong wtih the home i'd negotiate it less and less until i brought it down to 70k or less whichever makees sense when u walk through the home for the first time.do not get emotional, it's a numbers game and if the numbers dont add up dont go foward with the deal. you wanna make sure u leave contingencies in your contract. they give you a way out if you find something that you extremely dislike. i hope this helps my example prolly sucks but good luck!

Thank you everyone...I understand that the best approach is to have a restriction on the lease.

In my state, an agent can approach ANYONE on your behalf, as long as you are working in an agent/client relationship.