The Good, the Bad and the Ugly

I'm going to need a more robust marketing system. I thought 500 "interested" real estate investors would get two or three of my wholesale deals sold, but not so so far. I have networked with a few other wholesalers to slightly better effect, but nothing fantastic yet.

 I did have one person make an offer on one of the duplexes. He came in undr price, but not too bad so I said yes. He asked for a contract and I sent it too hi. That's the "good". the "bad" is that he has now been out of contacty for two days without returning the contract.

The "ugly" is what is putting a damper on the whole thing. We are at the end of our contract period with the bank and while $2,000 earnest money had been enough to secure the property, they now want 10% down to extend it even a single day. They're ready to go to auction with it apparently. I don't have that available. So even though I have an interetsted party, his dragging his feet is going to let it slip away from both of us.

 On to the next one...