First Lesson Learned
Yes, I know all about lessons learned. I put a contract on a property I thought I was going to do a contract transition on (wholesale). I'm still looking for a buyer to date. I only had 60 days to close. Hasn't happened yet. I'm told that I didn't price the property well. Silly me, I was sure that I had a winner with $45K in equity. I heard from real estate agents only who were not able or willing to buy the contract from me for $10K. Well closing is supposed to be on Feb 15th and no buyers yet. Investors want at least a 70% purchase price of the retail value. The home is worth $439K and I contracted for $384.9K. This business is not easy. Lesson learned. On to the next.
Barbara Gaston, less than a minute ago
Comments (1)
Hey Barbara,
I’m curious as to how this deal ended. Did you ever get the property sold?
Dethorn Graham, over 8 years ago