Updated over 3 years ago on . Most recent reply
Good Hood Wholetail
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $237,500
Cash invested: $1,500
Sale price: $275,000
A great neighborhood in Omaha and a cosmetically distressed house in an estate came together to make this an easy wholetail. This property was purchased directly from the family member who was handling the estate and wanted to sell quickly, as-is. We did a small cleanout and gave it a good cleaning and threw it on the MLS. It sold quickly with a net profit of a little over $25K.
What made you interested in investing in this type of deal?
We buy a lot of properties in estate sale situations. They typically make good wholetail opportunities.
How did you find this deal and how did you negotiate it?
This lead came in through our website via PPC. We gave a cash, as-is offer with a quick close. Even though it was below market, the owner decided to accept our offer for the ease and speed of the transaction.
How did you finance this deal?
We used our LOC at our local bank.
How did you add value to the deal?
Just a little cleanout and a good cleaning was all we did.
What was the outcome?
We netted around $25K profit on this deal.
