Wholesaling
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated over 13 years ago on . Most recent reply

NEED ADVICE! HELP!
I have a newly rehabbed brick 2 unitproperety under contract on the southside of Chicago. It is located in a decent neighborhood and a great block! The FMV of the property is about $150k I'm wholesaling it for $109k. Everything has been rehabbed with a partially finshed basement and duplex ready attic. I'm having problems moving the thing! I put it out to all of my buyers but they would rather purchase and do their own work. I switched strategies this week and started calling land lords from news paper ads and go section8.com. I've already posted on the internet am I missing anything?
Most Popular Reply

If it's fully rehabbed and worth $150K, why did the seller allow you to put it under contract for less than $109K?
The answer, I presume, is that it's not really worth $150K, which also explains why you're having difficulty moving it...