My First Wholesale Deal!
Investment Info:
Single-family residence wholesale investment in San Antonio.
Purchase price: $190,500
Cash invested: $15,000
Sale price: $255,000
My First Deal!
My Investor picked up a cosmetic flip in the NorthWest side of San Antonio. The house was clean, needed a new roof and light interior facelift. My investor is currently working on this project, but has estimated a listing price of $255+k once it's ready to sell. He is super excited, and I am thrilled to be a part of his team. Stay tuned....
What made you interested in investing in this type of deal?
I showed him 2 opportunities prior to showing him this one. We kept getting beat out, but once we found this property he was committed to making it happen! He loved the location and the light rehab.
How did you find this deal and how did you negotiate it?
Off Market, I work closely with our acquisition team to find only the best deals in San Antonio. When I first meet with an investor, I am sure to set a clear game plan: What we are looking for, strategy, what will happen when we find it, and so on.
How did you finance this deal?
Hard Money, we have lenders and other resources! All the necessary tools for new or new to San Antonio investors.
How did you add value to the deal?
We do the leg work for our clients! We become a part of their team and are always pipelining our next project!
What was the outcome?
UNDER CONSTRUCTION... the next step is to get this puppy market ready!
