Rental Property Investor · Erin, NY · Member since 2016 · 130 posts · 32 votes
I had a house under contract for two days. An agent saw the listing as saw it was a great deal so she got the Seller to take her signed purchase offer (From my Agent and Me) to an attorney and had the attorney write a letter stating that he recommends not doing the deal with me, then that agent put in an offer that was 5k to 10k higher than mine and got the deal.
I'm not a wholesaler, but this was basically a wholesale deal for me. House was worth 90k, I had it under contract at $51k for 2 days before this other agent came in with a "Buyer" at 60k and she got the seller to get a letter from an attorney which let her out of our deal...