San Antonio - Wholetale Deal
Investment Info:
Single-family residence wholesale investment.
Purchase price: $170,000
Cash invested: $1,000
Sale price: $247,000
This was a wholetale deal that I partnered with a private money lender on. The owners of the home needed to sell in order to buy a new house, it was an awesome house that they took great care of and had lived in for 15 years or so.
How did you find this deal and how did you negotiate it?
This deal came from a google ad. Negotiating wasn't too bad, I honestly had several calls with the owner and was a resource more than anything. I tried to find other options that would be more what they were looking for told them on multiple occasions to list it. At the end of the day they trusted me and my business and knew we would do what we said we would do.
How did you finance this deal?
partnered with a private lender
How did you add value to the deal?
Minor fixes and providing access to retail buyers.
What was the outcome?
A fairly quick wholesale deal with a solid profit margin without the taking on the risk and stress of a remodel.
