New to Real Estate · Arlington Tx · Member since 2025 · 20 posts · 19 votes
Investment Info:
Single-family residence wholesale investment.
Purchase price: $250,000 Sale price: $275,000
Large 3bd 2bth 2198 sqft home on 1 acre lot assigned and closed.
What made you interested in investing in this type of deal?
The 1 Acre lot
How did you find this deal and how did you negotiate it?
Found this deal by way of my Auction company. Did the Estate auction for the seller.
How did you finance this deal?
N/A
How did you add value to the deal?
Sold AS-IS only cleared property of left behind furniture and trash
What was the outcome?
assigned contract to group out of San Antonio
Lessons learned? Challenges?
That experience taught me to stick to the numbers no matter what, because the numbers don’t lie. It’s better to structure the deal right upfront than try to fix it later.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
@Alton Warren, welcome to BP! Congrats on getting your first deal DONE—that’s a huge milestone.
Locking in a $25K assignment fee on your first wholesale, especially on a larger property like that, is no small win. The fact that you sourced the deal through your auction connection is even more impressive—that’s exactly how strong investors separate themselves by creating unique deal flow others don’t have access to.
What really stood out to me was your takeaway:
That mindset is everything in this business. Deals come and go, emotions can get involved, but the numbers will always tell you the truth. You clearly structured this one right from the start, and it paid off.
Also, targeting a 1-acre property was a smart move—land adds flexibility and appeal, especially for buyers looking for space or future upside.
As you continue building momentum, one thing to consider is expanding beyond assignments when the numbers make sense. There may be opportunities where instead of assigning, you could:
Double close to capture more profit
Take down the deal and flip it
Hold it as a rental for long-term wealth
That’s where we can come in and support you.
At JCREIG Capital Funding, we help investors like you with:
Fix & Flip financing (fast closings so you can secure deals)
Bridge loans for short-term opportunities
DSCR rental loans if you decide to hold properties
No income / no doc options to keep things simple and deal-focused
Since you’re already finding deals off-market, having reliable funding in place can help you move quicker and turn more of these into higher-profit opportunities.
If you keep leveraging your auction pipeline and stay disciplined with your numbers, you’re in a great position to scale quickly. Next step might be exploring ways to double close or even take down a deal when it makes sense—you could capture even more value.
Again, solid work on your first deal—looking forward to seeing what you do next.
Getting your first one done matters more than people admit because now it’s not theory anymore — you’ve actually moved a deal from opportunity to exit.
What stands out here is that you had a real advantage in the lead source. Being close to the seller through the estate auction side gave you access and context most people wouldn’t have had. That’s the kind of edge worth paying attention to, because it’s repeatable if you stay in that lane.
Also, your lesson is the right one. On small spreads especially, discipline is the whole game. A deal that looks fine on paper can disappear fast if you start negotiating against yourself or rationalizing the numbers.
Not a huge spread, but for a first project, clean is good. Better to build reps and pattern recognition than try to force a home run too early.
