Updated over 3 years ago on . Most recent reply
Vacant Land Wholesaler in Texas
Investment Info:
Other wholesale investment.
Purchase price: $10,200
Cash invested: $20
Sale price: $16,000
Wholesaling land in Texas
What made you interested in investing in this type of deal?
Re-focusing on land is better for my personal goals in investing.
How did you find this deal and how did you negotiate it?
Direct Mail via Propstream list. Used List Source to determine the best counties on which to focus and started mailing.
How did you add value to the deal?
Got in done within 2 weeks for the seller. Also, at the end it was realized the notary missed a spot on a document - I was able to communicate effectively with the title company and seller to make closing still happen without any extension needed.
What was the outcome?
Win-win-win
Lessons learned? Challenges?
Need to have more access to end buyers in order to move properties quickly. Also learned to make sure I know where and how to find information if at all possible.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Hub City Title in Lubbock was instrumental to the success of this deal!