Not only to keep buyers and other wholesalers from stealing your deals but also because it's acting as a broker if you don't have a contract.

I am not a slime ball trying to steal their house either.

@Jo-Ann Lapin, @Joe Crooks, @Cornelius Charles, Thanks to all of you for reaching out and offering to help out.

You could make an offer and try to get a steal on the property and then wholesale it to the potential buyer.

I’m only buying real estate if I can steal it, so yeah, low offers.

You can then record that option at the register of deeds,so no one can steal the deal as you promote it.

I found a property that is a steal of a price that doesn't need any major repair, just total cosmetics (flooring, paint, etc).

Not only that but there's a hundred other guys trying to do the same thing.Rehabbing it yourself is expensive in that it eats up your time, you'll still have to hire a helper who may or may not flake out on you or steal all your tools and unless you have a lot of experience it's gonna look amateur.You may not be able to foresee problems that an experienced GC would spot a mile away.I'm no stranger to swinging a hammer, trust me, but on this property I just acquired I have a GC handling the whole thing.

It needs about $10k in rehab to make this 3 bed 2 bath a nicely upgraded home with granite counters, stainless steal appliances, wood floors, new landscaping, etc.

Gas water heater ripoff is when somebody shuts off the gas and water supplies, saws all the pipes and steals the thing.If you were worried about the pricing on this install, why wouldn't you have called around to other contractors in the area to see if you could get it done for a better rate?