After 7 months of direct mail... finally closed a deal!
Investment Info:
Single-family residence fix & flip investment in Allentown.
Purchase price: $100,000
Cash invested: $3,000
Contributors:
Eury Vargas
Mailing consistently for 7 months until we came across an executor of a will who was getting rid of his parents home. We raised all the money to purchase and only came out of pocket for closing charges.
What made you interested in investing in this type of deal?
Meat on the bone
How did you find this deal and how did you negotiate it?
Direct mail marketing. In person negotiating.
How did you finance this deal?
Raised 50K from a private lender and 50k from hard money
How did you add value to the deal?
Updating entire house, fresh paint, flooring, adding half bath, finishing basement.
