Handyman Refer Lead to Wholesale Deal

Handyman Refer Lead to Wholesale Deal

Realtor · Houston · Member since 2018 · 14 posts · 2 votes

Investment Info:

Townhouse fix & flip investment in Houston.

Purchase price: $75,321
Cash invested: $34,000
Sale price: $165,975

Landed a wholesale deal and decided to fix and flip

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

ARV was high

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

Handyman friend of a friend.. see it "pays" to tell others what you do

How did you finance this deal?

Hard Money Lender

How did you add value to the deal?

Sweat Equity and Good Cheaper Contractors

What was the outcome?

Got a Contract no Closing in June

Lessons learned? Challenges?

Hire a the a Great Painter with at least 4 guys and not a One-Man-Show. Do a complete walk-thru before you pay.
Don't Hire - DYI contractors because they take too long

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

Noble Mortgage

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  • Rental Property Investor · Sarasota, FL · Member since 2020 · 154 posts · 72 votes
    6y

    Congrats! Nice tip on being weary of one man operators. Did you represent yourself in the sale?

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