Single-family residence wholesale investment.
Purchase price: $20,000
Cash invested: $100
Sale price: $24,000
I worked with a seller who owned a 2 bed/1 bath row home in the City of Wilmington. It was occupied with a good tenant in place and the property did not need any major repairs. I was able to wholesale this deal to an investor I already knew for a $4,000 assignment fee. I found this deal through direct mail and it took about 2 months of follow up before we were able to agree on a price and meet at the property.
How did you find this deal and how did you negotiate it?
Found it through direct mail marketing and made sure to follow up consistently with the seller.
What was the outcome?
I collected a small wholesale fee, the seller was able to sell the property at a fair price, and the buyer is getting another cash flowing property where he already owns property.
Nice job @Shawn Kostoff
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you