Houston wholesale deal

[Ozzie Ramirez]

Investment Info:

Single-family residence wholesale investment in Houston.

Purchase price: $40,000
Sale price: $55,000

An agent on my team cold called a specific neighborhood and found this gem. The owner was in a difficult situation and needed the entire funds in 3 days.... He met with 7 other wholesalers that offered him a higher price, they specifically offered 10-15k more than we did. Do to the fact that we meet with roughly 7-10 sellers a week, we know how to build rapport with people and build a tight relationship. We did exactly that with him, he knew and understand that if anybody in the City of Houston could get the job done that it was us. We got him under contract and sold it to a Pocket buyer and walked away with a 15k profit in about 7 days....

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

Saw an opportunity and executed on it.

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

Found out the owners deep motivation.

How did you finance this deal?

Nothing out of pocket, made a few phone calls and locked it in with my buyer