In some cases, a wholesale deal can turn into a waiting game. Two months into the market and the house you are “FLIPPING” (take note that it’s in bold, italics, all caps, and inside quotation marks) is still sitting on the list. Whether that should alarm you or make you procrastinate, you should at least think that something’s wrong. Sometimes it’s greed that kills the wholesaling business.

Take a good look at the property and its price. Is a rehabber or any other investor willing to spend that much to purchase the house you are flipping? While you may have set $10,000 as your minimum income for each wholesaling deal, it’s not right that you ignore other offers just because they are a few thousand dollars short. Greed should not hamper you from selling a property fast. When confused whether you should entertain lower offers or not, simply go back to the basic idea of flipping houses: it is selling properties fast and making profit from it.

Two months is not a fast sale. It’s not a wholesale flip, especially if the property is in a good location with little repair problems. That’s already 60 days and if prospective buyers knew about this, they would think that there might be something terribly wrong with the property that’s why other investors are “ignoring” it. That will cast doubt on the buyer’s mind and that is not good.
Lesson: do not be greedy. You can make it up in the next wholesale deal. Flip this house today so you can move forward to the next one and make more money.