My first wholesale deal

[Delano Bailey]

Investment Info:

Single-family residence wholesale investment in North San Juan.

Purchase price: $50,000
Sale price: $65,000

First Wholesale Deal

What made you interested in investing in this type of deal?

Applying what I learned in taking courses and actually see if it worked.

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

Direct Mail Campaign.. Negotiations were in person.

How did you finance this deal?

Double close and used transactional funding.

How did you add value to the deal?

Did not add value..

What was the outcome?

Sold in 30 days..

Lessons learned? Challenges?

Be more patient I could have purchased myself and rented long term.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Myself..