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Updated over 7 years ago on . Most recent reply

User Stats

99
Posts
42
Votes
Natalie Allen
  • Investor
  • New Albany, IN
42
Votes |
99
Posts

Seeking Advice: Trying to wholesale my first deal but lost buyer

Natalie Allen
  • Investor
  • New Albany, IN
Posted

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.  

Most Popular Reply

User Stats

15
Posts
6
Votes
Guillermo A.
  • Wholesaler
  • Monroe, NC
6
Votes |
15
Posts
Guillermo A.
  • Wholesaler
  • Monroe, NC
Replied

Bigger Pockets is an awesome forum with many real estate investors, there are many niches in real estate investing, there is a lot of information here and there are many people that are experts in their fields and offer great advice, unfortunately there are many that are not familiar with certain niches and comment as if they knew it all and what they end up doing is confusing new investors such as Natalie Allen, if you are not familiar with a certain niche its better to not even give an answer. @Natalie Allen I am a real estate wholesaler in North Carolina if you need any help, feel free to PM me 

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