Should I tackle on these 3 properties with Hard Money?

[Josephine S.]

Hello Bp community,

I would like to start off and say that we appreciate all feedback and advice regarding this post, that being said here is the lowdown of the situation. My husband and I are new to REI wholesaling is our exit strategy of preference. We have three properties that have been somewhat tough to find a buyer. We have had issues with zoning and a multifamily not being up to code, so we renegotiated the contracts to a lower price with the seller and adjusted the numbers. We have been networking every day at local REA'S and have blasted our marketing piece through local wholesaler websites and our social media outlets.

So, my question is should we tackle on this project based on having the properties under contract way below market value. Would a hard money loan be the way to go? We do understand the complexities of a hard money lender and know that they all vary. But I think this would be a great learning experience I just need advice from real estate investors out there that perhaps have come across this situation. Where they had properties under contract but not gained a lot of traction on wholesaling them and finding cash buyers. Let me know what your thoughts and opinions might be we have come too far to back out and every experience we have had through this business has been different in many aspects. We are here to learn just like everyone else has in this business.

Thank you all a Billion!!!