Try this:http://www.biggerpockets.com/renewsblog/2011/04/04/real-estate-guru-scam-trap/

Isaac Newton's best ideas were born during the time of the Great Plague of London.

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..