Help! Owner wants a 2 week closing!!

[Michelle Montilla]

Hi I am very new to Wholesaling. The owner wants to close in 2 weeks. I stated 30 days on contract. Minimum work needed on property according to pictures and seller. Should I change it and try and scramble for an investor? I am doing this from another state so I don’t know any investors in area.  Property is in Missouri

[Jonathan Greene]

This makes no sense at all. How can you think you have your first deal if you are unable to close on your own and also know zero investors in the area? The reason why wholesalers have a bad reputation is that many are tricking sellers into a contract and then "scrambling" (as you said) to find a buyer for the property. Just because you have an out in the contract that says if you can't find a buyer, the deal fails, doesn't mean you are entering this contract in good faith. I think you need to re-examine what you are doing and why. You are sourcing a property out of state, haven't seen the property, don't know any investors or providers in the area, don't have an attorney or your own title company - how do you think this is a valid business plan?