Wholesale deal in Chester, SC
Investment Info:
Single-family residence wholesale investment.
Purchase price: $49,780
Cash invested: $49,780
Sale price: $60,000
Wholesale deal, found driving for dollars, 3/2 or 4/2 with upstairs area, New roof and newer HVAC. Negotiated with seller directly, paid their closing cost of seller to seal deal. Sold to another investor cash, netted $9647
What made you interested in investing in this type of deal?
Price, was in area negotiating other deals and drove by with a for sale by owner sign in yard. Called owner immediately
How did you find this deal and how did you negotiate it?
Driving for dollars, called owner who had a for sale by owner sign in yard.
How did you finance this deal?
Using my funds, I knew I could sell quickly for a nice profit!
How did you add value to the deal?
Put a lock box on the door and had prospective buyers show it themselves.
What was the outcome?
Sold within 30 days for cash and asking price.
Lessons learned? Challenges?
Need to learn real estate spanish, would have made by buyer less apprehensive
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Trimnal and Myers Closing atty, Lancaster, sc
