20 Yr. Old Investor: Got My First House Under Contract! What now?
Hello BP!!!! I have waiting for this day and it has finally come. I have got my first wholesale deal underway and I have got a house under contract!! I am excited but anxious at the same time as I do not know where to go from here. It is BiggerPockets which got me interested in real estate investing and taught me all the knowledge I know today. Now that I have finally reached this point I am curious to know what to do next. I know that finding a buyer can be easy or difficult depending on the deal. Although, I know that the deal I have lined up is certainly profitable for a cash buyer. I live in Santa Barbara, CA but the property I found is in Hobbs, New Mexico. It is a 3 bed, 2 bath, 3/4 acre lot, and it is estimated at 151k on zillow. After doing comps in the area that seemed to be accurate. It needs minor repairs (about 10k), so I am asking for 80k.
My question for you guys is, what should I do next and is my asking price too low/ too high? I do not know how to reach out to cash buyers in the New Mexico area, so I am stuck on what to do. I have the property under contract and it seems all I have to do know is find a solid cash buyer. Although, I do not know if I am missing a link/step. Any advice would be great!!! I am a college student so this deal will really help benefit me with pain for my schooling/ living. This community has taught me everything, now I need one more thing from you guys so I can actually close my first deal!!! Thanks!!!!!