Hey DG family,
I'm noticing a pattern between my posts, I only come to ask for advice haha, but there will be a time where I would be giving the advice, soon enough I hope.
Last thursday I made an offer on a neighbor's property for 105k when at the time was on a reduced sale of 135k from "appraised" 150k and the offer was accpeted. Of course I still have to do due diligence(actually I don't know what else is needed besides other existing liens and repairs.)
But I have come to a setback. I actually do not have a list of buyer's yet, I just have contacts of agents and two other investors[one advised to go to an investor's club to network(which was actually my initial plan) and I'm going to call the other one when I'm done writing this post(she was very helpful the first time I called her and she gave me some references so I'm pretty sure she could help with this as well)].
I'm in no rush but I assume that agents want to get their deals done as soon as possible and that is where my problem lies. I have every intention to join an investor's club but I don't currently have personal transportation so I can't go there without help and my partner suddenly changed his mind about joining me on my real estate venture(he's always had doubt but still drove me places). So I'm at a lost. I'm still going to try to find other associates and I'm probably going to taxi the destination, I don't know.
Well I suppose the main thesis of this post is the fact that I have no end buyers to actually finish the deal so I figure this would be a last resort and that I'm lost at this point.
I don't have the offer on contract(mostly because of the earnest money that is needed and the lack of confidence from not having buyers) but I'm going to call the investor and she should be able to help me. Hopefully at least that should be settled this week.
Thanks for letting me vent out my current problem,