Updated about 1 year ago on . Most recent reply
Wholesale Assignment deal 🔥🔥🔥
Investment Info:
Single-family residence wholesale investment.
Purchase price: $86,000
Sale price: $120,000
The wholesale deal for 4390 Annie Mae Cv, Millington, TN, greatly impacted all parties involved. The seller's family, burdened by a vacant and vandalized house, simply wanted to eliminate the mortgage. Discovered by "driving for dollars," the property had an ARV of $215,000 and a remaining loan balance of $86,000. The deal was assigned for $120,000, with the buyer making $5,000, resulting in a $38,000 profit. Coordination with out-of-state family members and affidavit of heirships enabled the cl
What made you interested in investing in this type of deal?
House was distressed
How did you find this deal and how did you negotiate it?
Cold called driving for dollars
How did you finance this deal?
Wholesaled the deal to cash buyer
How did you add value to the deal?
By being the contract holder
What was the outcome?
$33,000 dollar profit
