@Juan - Not necessarily true.

Although it is true that you are allowed to negotiate shorts while acting in the capacity of your license, recent laws that have passed may be able to construe other motives.

What do I do when the realtor just will not do anything to help me get some good solid comps to help me determine the true value of that target property?

I know you want to do your first deal but keep in mind that we are in the business of creating true value.

The point is you cannot pay for what you cannot verify and must price in the risk.Example seller shows a building getting 3,000 a month in rents.Shows his deposits and says the tenants pay cash and to TRUST HIM.It may or may not be true but if you can't verify on your own that it's true you must price it like it is not.You always have to dig down and see what the sellers are hiding and the TRUE reasons for selling.What they tell you on the phone most of the time is what they want you to believe.You have to find out the real reason and decide if you want to take on that particular problem or not.

That’s why those “scams” seemed so good to be true at the time.

Thanks DougSorry... that'll be $25 to make an inquiry... please send credit card info [email protected]... thank you for your order!

:There is no reason why a wholesaler shouldn't accept a refundable deposit based on a satisfactory inspection.Not true, there are tons of reasons and my post above lays some of them out.

Beware markets that seem 'too hot to be true.'

While true if you get your structure pulled out of a high risk flood zone through a LOMR the lender could still require flood insurance, the rate would be based on a low to moderate risk instead of High Risk which on a $250,000 policy with a $5000 deductible in a AE zone the difference between paying approximately $500 a year and $3000 a year.