I recently worked on a listing for some friends who had a lower income house to sell. The owner of the house for more than 30 years, needed to cash out to get funds to help her with living expenses in her retirement years. I offered to list it and help market it for basically nothing.
I told another investor that I had just met about the home and he puts me in touch with "his guy". I tell this guy that he can buy the house for X amount. This guys gets on the phone with me and attempts to convince me that investors will only buy the home at a certain discount, blah, blah, blah. I tell the guy, "look, you can buy it at the price I quoted, or not" but I'm not going to get into this negotiation ploy, so I basically inferred to him to quit wasting my time. He says ok, and he'll send a contract with me repping him as the buyer.
So the next day, I get a contract from this joker with an offer price of less than half of what I quoted him as the rock-bottom price. Needless to say, I haven't responded, nor will I ever do business with this creep. My guess is that this guy is a "wholesaler" who goes out and takes advantage of the elderly and the weak, and then flips his basically stolen loot to a real investor. These guys give real estate investors a bad name, so if you're ever approached by one of these scumbags, beware. His parents must be extremely proud.
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