When you do see it there are normally stiff pre-pays (conduit loans).There can be a reset of the interest rate at 5 years or something similar.When playing in the commercial market forget the assumptions that come from the residential segment.John Corey

The other agents can not offer more so you have a level playing field.

Got tired of playing landlord, and realized the big money takes too long to get, so I started up a new style of investing.My background is really in programming, more specifically web based application programming with databases.

one word - TENANTS.i'd relate being a landlord to a poker player -the pros or good players play like they've already lost - so they've got nothing to lose in their mind. as a landlord, if you're going to start renting real estate - rent it as if it will be totally wrecked.ASSUME THE WORST AND PREPARE FOR IT.don't buy and assume the best.hope for it.

You are not playing with small numbers so best to get some competent advice.

BTW, there's been nearly 20 offers submitted now, and of those less than half have already been played out with no deal....I was actually surprised how fast one in particular responded with counters each time, but speed meant nothing when the best I got after 4 attempts was $33k off of $368k list price....for a house with an after repair value of $380k needing about $50k in repairs alone.

but the seller can always counter or just downright reject it.as for your offer(s) - as a wholesaler, you're going to have to play the numbers and put offers on properties that you at least can acheive one of the following:1. justifiable comparisons that warrants a low offer2. accomodates the sellers needs (you need to know what they are)3. meet the criteria for buyers on your buyers list.additionally - DON'T WRITE ANY MORE OFFERS. consult a real estate attorney and a real estate agent (buyers representation).

Public is ideal, but you can work with the others, you just need to know the regulations in the area.

John are you playing a joke on me?

Not sure how your investor comes into play.