Looking to wholesale a townhome in Stone Mountain, GA!!
Investment Info:
Townhouse wholesale investment.
Purchase price: $160,000
Cash invested: $250
Seller is willing to owner finance but I'd like to wholesale my contract for $12,000. Buyer would have to bring $20k to closing plus closing costs. Terms are $1,200 a month beginning 90 days after closing. It needs about $20,000 in repairs.
What made you interested in investing in this type of deal?
Seller Financing.
How did you find this deal and how did you negotiate it?
Online.
How did you finance this deal?
I'm trying to wholesale it.
How did you add value to the deal?
I haven't so far.
What was the outcome?
I'll let you know.
Lessons learned? Challenges?
Finding a buyer to sell the contract to.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
No.
