Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 14 years ago,

User Stats

39
Posts
2
Votes
Travis Newton
  • Texas
2
Votes |
39
Posts

Deals falling through?

Travis Newton
  • Texas
Posted

Does this happen often, deals falling through? I've just started wholesaling, week #5 for me, and I've had 2 deals (only deals I've had thus far) fall through. 1st deal didnt complete because the home owner wanted 30k for a 67k ARV home, but the home had a 12k lien on it. So the best we could do so all parties involved would be happy is approx 15k for the home. The seller backed out when I brought him the contract.

2nd deal, the home was a complete gut job, in a so-so neighborhood, home was worth approx 51k ARV, but with all the work that needed to be done we could only offer a small amount. The seller said he wanted 12k for the home, and when I asked him how his a 12k amount, he basically told me he paid such and such amount for the house and wont take less than 12k for it.

Does this happen often? Its extremely frustrating, especially since I'm trying to land my 1st deal. Needless to say this pissed me off so much (2nd deal falling through) I went and put out another 70 bandit signs lol.

But seriously is this just how it is, people say yes, then change their minds at the last second and say no?

Loading replies...