Updated almost 6 years ago on . Most recent reply
First Wholesale Deal Fully Completed within 12 hours!
Investment Info:
Single-family residence wholesale investment in Kansas City.
Purchase price: $20,000
Sale price: $35,000
Contributors:
Damon Caldwell
This was my very first wholesale deal that I completed just 7 days after completing a 4-day master class with Mit Smith entitled 9 to 5 Flipping Master Class. Because I am from KCMO and just purchased my first rental property in Belton, MO, I felt like this was a comfortable market to start with as a wholesaler.
How did you find this deal and how did you negotiate it?
I pulled a list from propstream using certain filters, skip-traced the list and left a voicemail with this seller. He sent me a text message saying that the property I had called about wasn't available, but that he had another property. And voila, this golden nugget!
What was the outcome?
I partnered with Damon Caldwell, also a wholesaler in KCMO. He was able to quickly find a cash buyer for this deal because it was in such an excellent market. It wasn't available for long.
Lessons learned? Challenges?
Honestly, this process went so smoothly. I read affirmations and I believe those set me up for success with this deal. I also had an excellent teacher in Mit Smith from the master class that I took on wholesaling. I felt prepared each step of the way in the process, from finding seller, to finding cash buyer, to contracts, marketing, partnering, etc.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I worked with Damon Caldwell on this deal.
