I have tried different techniques and while telling a little white lie about why I am selling the property (had problem tenants and want to get rid of it asap, etc) has not caused any problems with buyers, I like to sleep sound at night and prefer to tell the truth.

If the property is an REO, a short sale or listed on the MLS, there will almost certainly be an agent working for the seller.In the case of an REO or short sale, as you know, the wholesale process is more complicated.

Yes, there are all sorts of techniques to avoid it becoming unlicensed brokering, but the fundamentals of the job are the same.

Was listening to some teleclass and the guy mentioned the following technique against unethical investors (to protect wholesaler's interests when wholesaling a property): 1) record an affidavit and 2) record a mortgage.Does anybody know about the second part (recording a mortgage) - how does it work?

So instead, my realtor suggested doing a "condo conversion" - BUT rather than converting the individual units into condos (which would probably never sell to homeowners in that neighborhood or town) I would use the same technique to turn each "4-plex" into its own "condo" to be separately sold to investors looking for a good investment.

Greg,This is a more complicated question than it first seems.

When negotiating a purchase using the sub2 techniqe, What should an investor do if the property owner is already listed the property with a Realtor ?

It may seem a little complicated but if you get a great property at a great discount, it'll all be worth it.

I want to discuss strategies, techniques.

Its tough to keep up that pace, but its one of the techniques that he used to earn $1M from his first chicken soup book.