Updated about 5 years ago on . Most recent reply
West Omaha Sarpy County Wholesale
This house came in as a lead through our website right around the time Covid came down. It was in a great neighborhood near 180th and Harrison in Omaha, built in 2002.
The sellers were getting divorced, and the wife had already moved out and wanted to get the house sold. She was responsive via email at first, then ghosted us for awhile - resurfacing in June. The husband was still living in the house and did not seem super motivated to be out, but the house needed some work (mostly cosmetic), he was unemployed, and in the end they ended up accepting our offer of $150K.
We closed in 2 weeks and there was a lot of stuff left behind, and the house was dirty. We debated and debated on whether or not we should do the cosmetic work to it and list and sell it retail for the ARV of $195K, but in the end we determined we would likely make almost as much money just by fixing a couple things and selling it as is. So, we ended up telling another investor about the house who had some rentals in the area and really liked it. He ended up buying it as-is for $170K cash in about a week.
In the end, it ended up being about an $18K profit. Best of all, no rehab!