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Updated about 9 years ago on . Most recent reply

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Austin Hughes
  • Rental Property Investor
  • Lubbock, TX
182
Votes |
455
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woke up sweating at 4 am.

Austin Hughes
  • Rental Property Investor
  • Lubbock, TX
Posted

my strategy is to wholetail properties. Up until now, I've only done this with non listed properties, and have 2 under contract to sell. It is going well. However, a month ago I decided to do a deal that was listed on the MLS, because the numbers worked out.

Before every deal, even the ones that are off the market, I tell the sellers what I plan on doing with their property. These people were okay with that, so we proceeded. However, I have a bunch of buyers interested in it, and they have not been granting me access. At one point I had to wait 2 weeks to show it, & I have been waiting about a week and a half to hear back from the other side so I can show it again. The closing date is fast approaching, & I have no clue what to do. I'm confident I could have sold this house already if they had just given me access, but now I am in a dilemma.

I don't want a reputation as someone who backs out of contracts. But, I am in a tough spot.

Most Popular Reply

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Percy N.
  • Developer
  • Philadelphia, PA
900
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2,067
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Percy N.
  • Developer
  • Philadelphia, PA
Replied

@Austin Hughesare you "Wholetailing" or Wholesaling this property?

If Wholetailing, then you would close on the property and list it in MLS, etc and try to sell to retail buyer who wants a property needing a little TLC.

If the property is a good candidate for Wholetailing (good price, little to no rehab), and you have the funds to close on the property, then don't sweat it, just close and then market to the highest bidder.

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