NEED ADVICE! HELP!

[Dante Williams]

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?

[J Scott]

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...

[Dante Williams]

Well Scott after doing my homework and finding comps that range between $150-$160 within the past three months the value is certainly not the issue at hand. The seller is trying to liqudiate to purchase a bigger project and wants a quick cash close. Now, is there anything that I can do to market this property that I'm overlooking?

[George P.]

Did you have any showings? If so, you should have asked for the feedback. If not happy with the house, an investor will tell you what exactly keeps him from buying it.
In most cases in comes down to the price. But by all means, do your own feedback research.