Help please on how to finish this deal - Jacksonville, FL - 32217

[Jake Peetz]

I am under contract on a home in Jacksonville, FL for $130,000. It will appraise as is for $165-175K. I had intended to buy cash and then do a light rehab BRRRR with this property but my cash refinance on another property has gotten hung up and I will not have the cash to finish this deal in time. The closing date is set for November 22nd and instead of cutting the home loose should I try to wholesale the property? An elderly lady lived in the home for 8 years and has since passed. Her daughter wants to get the home off her hands, the deal I feel is a slam dunk. Financing that I thought would be in place will not be in time and if I cannot make the November 22nd close date, they will rehab the home themselves and list for market value. Any thoughts on how to proceed? I appreciate any advice you all can offer.

[Mindy Jensen]

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