Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago,

User Stats

43
Posts
76
Votes
Jake Peetz
  • Jacksonville, FL
76
Votes |
43
Posts

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

Jake Peetz
  • Jacksonville, FL
Posted

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.

Loading replies...