Updated over 5 years ago on . Most recent reply
First Wholesale Deal Completed
Investment Info:
Single-family residence wholesale investment in Norfolk.
Purchase price: $100,000
Sale price: $110,000
Contributors:
Claudio Valdivia
First Wholesale deal completed.
What made you interested in investing in this type of deal?
Decided to start marketing for my own properties in August. Averaging 20+ leads per month. This is actually the third deal closed from those leads. I referred one, and bought one.
How did you find this deal and how did you negotiate it?
Facebook marketing for motivated sellers.
How did you finance this deal?
No financing
How did you add value to the deal?
No value add
What was the outcome?
First successful wholesale deal.
Lessons learned? Challenges?
I was about to pass on this because the numbers didn't work for me. I decided to run it past Claudio, and he found a buyer in a matter of days. Networking is awesome!
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Investor friendly agent found end buyer in a few days. Claudio rocks!!
- Kristopher Kyzar