I am a new wholesaler to the Dallas/Ft. Worth area. I’m in the process of wholesaling my first property but I have yet to find any buyers. I am coming to the board for help.
Here are the specs on the property:
[][][*]
4 BR/ 3 BA/ 4 Car (Covered Parking)
[][][*]
Located in Alba, TX 75410
[][][*]
Property appraised for $220k in May '04
[][][*]
Should appraise for $225k+
[][][*]
Have under contract for $166k
[][][*]
Looking to sell my position for $12k cash or motorcycle (Since I want one so badly I thought this might be an incentive for a win-win situation for me and the buyer since sportsbikes are about $7-10k brand new).
[][][*]
The property needs no repairs or anything. Great equity position for buyer, and excellent rental potential.
What am I doing wrong? This is how I have been marketing the property to potential buyers. I have run an ad in the local paper as well with very good feedback but no offers. What could I do to get this property sold? I need to sell by the end of the month.
Any thoughts as to what to do? Any help is greatly appriecated!!