Wilton Manors Private Lending deal
Investment Info:
Single-family residence wholesale investment.
Purchase price: $250,000
Cash invested: $262,000
Sale price: $376,000
Solid wholetail deal. Little longer on the hold period but profitable exit.
What made you interested in investing in this type of deal?
Good relationship with local wholesaler who needed capital to take down the project
How did you find this deal and how did you negotiate it?
I have worked with this wholesaler on multiple projects
How did you finance this deal?
Private money and my own capital
How did you add value to the deal?
My contribution was primarily that of the lender
What was the outcome?
Project sold for 125k over purchase
Lessons learned? Challenges?
All investors should consider private money lending as an additional income stream if due diligence is done correctly and the project is a good fit.
