WHOLESALE - LOG CABIN - 5.07 ACRES - 4B,3B, 2480 sq.ft.
Investment Info:
Single-family residence wholesale investment.
Purchase price: $254,000
Cash invested: $324,000
LOG CABIN sitting on 5.07 Acres, with river access in 0.5 miles and public boat ramp!
ARV: $420,000
Purchase Price: $254,000
Repairs: $70,000
4Bed, 3Bath, 2480 sq.ft.:
Features: Basement; Inside Storm Shelter; Stone-Faced, Wood Burning Fireplace: Loft Bonus Room; Screened Porch; Gas stove; Private Well; Septic.
What made you interested in investing in this type of deal?
The seller is facing foreclosure soon and as an investor, that is why I got into the business is to help people in dire situations.
How did you find this deal and how did you negotiate it?
I found this deal through a public facebook group post, contacted the seller and explained to them, how this process works and I asked for a chance to get this sold for them.
How did you finance this deal?
This is a wholesale deal and not money is required on my side, except for the small amount of EMD.
How did you add value to the deal?
The deal has value on its own. My added value is bringing attention to the asset!
What was the outcome?
Very Good. I am waiting to find a buyer.
