Wholesale Deal Update: 2410 Mallery Street, Flint, MI

[Luke Grettenberger]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $20,000

Wholesale opportunity in Flint, MI! 2-bedroom, 1-bath single-family home priced at $20,000. Great for investors looking for a fix-and-flip or rental property. Vacant and ready for assignment,

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

I’m new to wholesaling and interested in building experience by finding undervalued properties that can be assigned quickly. This type of deal fits well with my strategy to grow in real estate without upfront rehab costs.

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

I found the property through local FSBO (For Sale By Owner) listings. I negotiated directly with the seller by explaining my plan to assign the contract to an investor who can rehab or rent the property.

How did you finance this deal?

Since this is a wholesale deal, I didn’t invest cash upfront. I secured the property under contract with an option agreement.

How did you add value to the deal?

I added value by identifying a motivated seller and connecting the property to potential cash buyers in the area looking for affordable investment opportunities.

What was the outcome?

The deal is currently under contract and I’m actively marketing it to local investors to find a buyer quickly.

Lessons learned? Challenges?

I learned the importance of clear communication with sellers and investors, and the need to be patient while building a strong buyer network.

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

Not yet, but I’m actively networking to find experienced agents and lenders who specialize in investment properties.