Updated about 7 years ago on . Most recent reply
Wholesale deal from Postcard mailer campaign
Investment Info:
Single-family residence wholesale investment in Lawrenceville.
Purchase price: $144,000
Cash invested: $23,000
Wholesale off-market deal. Sent postcards to absentee owners with high equity. Purchased with Hardmoney. Purchase price $144,00 $20k rehab $238,000 ARV. Currently rehabbing property to flip.
What made you interested in investing in this type of deal?
The numbers worked.
How did you find this deal and how did you negotiate it?
Postcard mailer. Competed with big players and came out ahead. Built rapport with owner.
How did you finance this deal?
Hardmoney
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Hard money lender Dave Cruise at Straightline Funding, LLC was great.