Hallandale Beach Wholetail deal
Investment Info:
Single-family residence wholesale investment.
Purchase price: $230,000
Cash invested: $230,000
Sale price: $320,000
Wholetail deal. Great location and strong comps.
What made you interested in investing in this type of deal?
This was an opportunity not requiring any rehab and minimal involvement.
How did you find this deal and how did you negotiate it?
This was a fast wholetail deal that I partnered on with a wholesaler who I have worked with previously.
How did you finance this deal?
Private money
How did you add value to the deal?
No value add necessary. Deal was significantly discounted on purchase. Closed with cash for a resale in under 60 days.
What was the outcome?
Netted 300K after commission. Group walked away with 70K profit.
Lessons learned? Challenges?
Partner, partner and partner. Lots of opportunities for investors who can raise funds and help knowledgeable wholesalers who are actively taking down deals.
