Bad first experience wholesaling/flipping
So I had gotten these two distressed properties under contract with this seller in tarrant. Was so excited because I wasn’t expecting to get two for my first time. But the plan didn’t go my way and it took me too long to find a buyer for the properties felt like I’ve wasted time. Can anyone relate?
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I think a good rule of thumb is to be willing to purchase the property yourself at the price you reach with the seller. If the deal would have been worth it to buyers, you would have been able to wholesale the property because it was probably over priced. Sellers need a lot of motivation (ie problems we need to solve for them) before they will sell at a price that is profitable. You might want to try and ask an experienced investor if you can look for him/her. Ask where they like to buy and learn from them.