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Updated over 3 years ago on . Most recent reply

User Stats

35
Posts
11
Votes
Rudy Munoz
  • Real Estate Agent
  • El Paso, TX
11
Votes |
35
Posts

First Solo Wholesale

Rudy Munoz
  • Real Estate Agent
  • El Paso, TX
Posted

Investment Info:

Single-family residence wholesale investment.

Purchase price: $105,000
Sale price: $115,000

Client was distressed due to renters, offered to put home on market to get full value but he liked my cash offer better. Wish I had the creative financing to whole tail but the timing wasn't right.

How did you find this deal and how did you negotiate it?

Previous client. Not much negotiations, offered to list on the MLS but client wanted the fast close and to move on from the property.

Lessons learned? Challenges?

Wish I would have been more patient and shopped around with different investors.

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