I was going to...but decided to wholesale it
Investment Info:
Single-family residence wholesale investment.
Purchase price: $55,000
Sale price: $75,000
This is a house I wanted to take down. It was going to be a great owner finance or possibly a flip. However, circumstances dictated that I needed to move it quickly.
What made you interested in investing in this type of deal?
It was a great deal. Mostly topical work that they needed to move quickly.
How did you find this deal and how did you negotiate it?
This was a friend of mine who got married and had to sell two houses to buy one new one. This particular house was in disrepair. I gave them a cash price and they took it.
How did you finance this deal?
Not needed.
How did you add value to the deal?
Know who to contact
What was the outcome?
I was going to create an owner finance deal with this house. However, I had a lot of issues going on with another house so I decided to take the quick money and wholesale it.
