But I know my area, and my specialty, and what I can do that will work, and it has been borne out with high profits.

It is true that equity is trapped in a property and equity goes down when the property value goes down.

I have stated before that this could be a trap for the wholesaler, whom, if licensed may be taking on a responsibility to the seller that is at a minimum in conflict with their object of paying a below market price.  

@Michael GertzI'm from NJ, born and raised.

You were born here.

Watch my new born grow.

Long story short, after meeting about 234 mortgage conditions from the bank, and offering up my first born, I was able to close!

And we do..Now when the baby is born they may behave even worse..  

Its amazing to be the wide range of markets I see, for example in the suburbs of PA you will need to name your first born child after the seller to get an agreement of sale, also in most parts of DE, but in some part of Philly and NJ houses are sitting making the market more buyer friendly. 

There are A LOT OF TRAPS along the way that can/will make the deal fall through (and cause you to lose your earnest money).