Investment Info:

Single-family residence wholesale investment.

Purchase price: $145,000
Sale price: $150,000

Initially contracted this to one to flip, but quickly realized it was going to be more than I had time to give to it during that time. I quickly reach out to my network and was able to assign the contract to another investor that owned a few other homes on that block.

What made you interested in investing in this type of deal?

Up and coming neighborhood close to new hospital in Hendersonville. Just made since as a solid flip opportunity.

How did you find this deal and how did you negotiate it?

Lead was generated through a pay per lead service I was utilizing. Worked out that what I was wanting to offer was within $2000 of what the seller had to have.

How did you finance this deal?

I had cash set aside, but since I assigned the contract, no financing was necessary.

How did you add value to the deal?

Seller was desperate to get out of town and needed to make something happen quickly. My buyer had other deals working in the area so this worked out perfectly for him.

What was the outcome?

All parties walked away with a solid outcome. Nice when everyone feels really good about the deal.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

None