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Natalie Allen
  • Investor
  • New Albany, IN
42
Votes |
99
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Seeking Advice: Trying to wholesale my first deal but lost buyer

Natalie Allen
  • Investor
  • New Albany, IN
Posted Jan 4 2018, 10:12

I'm still new and am starting to worry about my first house I have under contract.  I had planned to wholesale the property to another investor but he got two other accepted offers before I got this under contract and is now saying he does not have the cash for all three.  Now I'm starting to panic because I don't have a large list of cash buyers yet.  I just upgraded to pro so I can post on the marketplace but it's taking a while for my post to show up.  I'm also signed up for a couple meet ups later this month but they are after the closing date on this contract. 

The numbers seem to be ok but I'm not sure what to do now.  I'm 13 days away from the closing date that was in our original purchase agreement.  What should I do?  Drop the price? Try to back out of the contract?  I am lost right now, please help.  

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