Why am I not getting any response on my wholesale deal in Spring, TX?
I'm new to wholesaling and I'm worried I got into a deal that I may not be able to wholesale. ARV = $285k, repairs are only paint & carpet (3200 sf house), rents are $2100 and I'm asking $236,500. (not a big profit for me) I got into this thinking someone would buy it as a rental not a flip but all the marketing I put out there has not drawn a single bite. I'm worried the seller is now counting on me to buy their property & is planning to move out and I won't find a buyer. Closing is on Sept. 1st which is more than a month away but I'm worried I've not gotten any interest. Do I have a bad deal on my hands? Any advice??