Updated 29 days ago on . Most recent reply
Very first investment project...DONE!!!
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?
N/A
Most Popular Reply
Nice first win.
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.