So now u owe IRS money & you couldn't pay the loan money. 

Just reply stating the place is in the same condition as it was when they viewed it and everything is in working order. 

First, you obviously won’t be able to close as fast (and fast closings are usually something wholesalers promote about themselves).However, if that’s not an issue, the other thing to be aware of is that your wholesaling fee is not going to be considered part of the purchase price and the buyer is likely going to have to come out of pocket for that.For example, if you negotiate a sales price of $180k with the seller, and then turn around and add a $20k wholesale fee and offer it to your end buyer for $200k, the buyer’s lender is still going to view the purchase price as $180k and base the LTV they loan at off that number.

I am planning to view a potential wholesale property in Oaklyn NJ.

View report*This link comes directly from our calculators, based on information input by the member who posted.

One week before the viewing started, we discovered this mess.

Aside from providing the basics (ie. listing tool to get the property published to 10+ major sites, scheduling tool to schedule viewings, tenant screening with comprehensive applications -- pulled reports from TransUnion, which include nationwide criminal background checks + credit checks + eviction history, digital lease creation tool, rent collection tool, and maintenance tracking tool), some services also offer your tenants waived ACH fees and additional capabilities which makes it an easier sell on your end when getting them to transition over (ie. their ability to report on-time rent payments to the credit bureaus; this can create an added incentive for making sure they pay that rent on time).

Aside from providing the basics (ie. listing tool to get the property published to 10+ major sites, scheduling tool to schedule viewings, tenant screening with comprehensive applications -- pulled reports from TransUnion, which include nationwide criminal background checks + credit checks + eviction history, digital lease creation tool, rent collection tool, and maintenance tracking tool), some services also offer your tenants waived ACH fees and additional capabilities which makes it an easier sell on your end when getting them to transition over (ie. their ability to report on-time rent payments to the credit bureaus; this can create an added incentive for making sure they pay that rent on time).

The sellers still had some work to do on the home so that's why we built in some extra time for that and then all my inspections, etc.Around the first week of December, after the sellers were done with the rehab, the first appraiser came out and that was the first road bump.It took about another week to get a second appraiser to view the home, and then a few more days to get his report.

Went to view it the next day.How’d I negotiate: I offered $6k below asking price then and there, ready to sign (had my pre-approval in hand).