BP helped make us over $13,000 on our first wholesale!
Hi BP!
Just wanted to share a little success story from our first wholesale and about networking on Bigger Pockets. I connected with @Bill Kenny on BP back in the spring, we grabbed lunch and quickly realized we shared many of the same goals with investing. We decided to form a partnership on a gentleman's agreement and embarked on marketing to off market deals.
We hit many dead ends and fielded tons of calls from suspects, not prospects; however, we landed a good one. We got a lead on a house that was inherited, there were three heirs, it was vacant and they wanted to move on. Comps were in the 40-50k range and the house needed about 5-7k in repairs. We placed it under contract for $15,000 and quickly found a buyer at $28,500. Last week we closed on the deal and walked out of settlement with just over a $13,000 assignment fee. There were plenty of little issues along the way but determination persevered. We learned a TON by doing and it provided us with a better foundation to build on in the future.
So, if you are worried about taking action and going out there and doing it, don't be! You have to just learn as much as you can on here and then go DO. @Joshua D. and @Brandon Turner have built a place where connecting with like-minded individuals is super easy. If you haven't got out there and done anything, take an investor out to lunch this week and talk...it might put a few bucks in your pocket.
Bill took down a nice owner financed deal off of our marketing last week, too. I will let him share that story though. Get out there and start doing, you won't regret it! Happy investing!