What to do when your buyer list fails?: How to find other buyers?

[Chris Swindle]

Hi All,

I've done a number of wholesale deals in the past. Right now, I am working on one in which, I think I may have overestimated the value. Other deals I have done, investors usually jump at them quickly. However, I am working on one now, where I think I marked up the property too much. The essentially the deal is as follows: a lot which I have under contract for $45,000. I reached out to my buyer list in the area of 20+ investors that have closed deals nearby recently and have gotten lukewarm response while offering the contract for $65,000 (1st mistake). It has been over a week now since reaching out to these investors and so far I have not gotten much response. Obviously, the first step is to lower the price, but my next question is, if my list of investors are not interested, what other options would you guys advise? Has anyone had experience like this in the past? Thanks!