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Updated about 6 years ago on . Most recent reply

User Stats

6
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7
Votes
Keith Washington
  • Wholesaler
  • Los Angeles
7
Votes |
6
Posts

Investor's Special: Wholesale Deal

Keith Washington
  • Wholesaler
  • Los Angeles
Posted

Investment Info:

Single-family residence wholesale investment in San Diego.

Purchase price: $417,000
Cash invested: $1,000
Sale price: $575,000

3/2, 1400 square feet in San Diego California. Technically it was a 2/2, but my cash buyer converted the den to a third bedroom. The repairs were cosmetic. And his wife is a real estate agent. After my wholesale fee of 20K, and roughly 17K in repairs, they walked away with just over 100K. Life is good. I'll continue to wholesale until I can start buying multi-families.

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