Wholesale Newbie may be over my head

[Jerald Alford]

Ok, so I'm pretty new at this and my thirst/hunger may have gotten the best of me. I have 4 houses under contract for what I thought were fair prices considering the FMV, turns out turn key properties are going for cheaper in some cases, now my Closing date is quickly approaching and no solid hits from cash buyers.

Here's what I have tried:
Bandit signs in the high traffic areas near my properties
Craigslist ad of each property with pictures
Craigslist ad to invite Cash Buyers, Rehabbers and Investors
I've gone to the Section 8 Office and acquired the list of Landlords
I've cold called on about 100 (no exagerration) names and numbers with more to go.

I'm not in panic mode just yet and if i bump my head on these then i will dust myself off and keep it moving (still have yellow letters going out)

Whats my worst case scenario and any advice would be greatly appreciated.

THIA

[Aaron Mazzrillo]

"Dear seller, I ran this address by my private lender and he said he won't lend me the amount of money I need to close. My only option is to get a price reduction or cancel."

Personally, I'd never make an offer and not close. My reputation is more valuable to me than mistakenly paying too much for a house, but I also know my market very well. Very well. And, I'm also a don't wanter. I don't want your stinking cat pee house. If you force me to take it off your hands, the most I can pay is 50% of ARV. Otherwise, you can keep it. ~ Being a don't wanter solves the problem of being an over-payor.