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Updated almost 4 years ago, 02/22/2021

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8
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2
Votes
Holden Rexius
2
Votes |
8
Posts

What can I do with this contract/property Help!

Holden Rexius
Posted

Hi all! I recently put a long-term rental property under contract in Casper, Wyoming. It is a duplex that is already rented. I intended to finance the downpayment of this deal with a capital partner providing an interest only loan at 8% but unfortunately they had an unexpected financial emergency and were not able to fund the deal. I know my options are limited, but I wanted to ask here if this is something I could potentially wholesale? My intention was to hold this property for years and I don't have much earnest money into it and the closing date is set to be 02/25/2021. If anyone has any ideas or advice as to what I could do with the property/contract I would greatly appreciate it!

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