Crestline Wholesale Deal

[Matt May]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $48,000
Sale price: $65,000

This was a pretty standard Wholesale Deal. The property was purchased directly from the owner who reached out to my team directly after hearing about the other deal we did in the area. After putting it under contract I was able to find another buyer to buy it from me. We closed on the purchase and then closed on the sale a week later. The other buyer who purchased the property from me was an investor who was planning to keep it as a rental property. Interestingly enough the property appreciated in value quite a bit shortly after we sold it. Feel free to contact me with questions.

What made you interested in investing in this type of deal?

We are interested in buying properties to wholesale, fix and flip or hold for long term investment.

How did you find this deal and how did you negotiate it?

The owner reached out to my team directly after hearing about another deal we were doing in the area.

How did you finance this deal?

All Cash

How did you add value to the deal?

We did not do anything to the house.

Lessons learned? Challenges?

After it was all said and done I think the smarter move would have been to complete the remodel myself and keep the property to add to my rental portfolio.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Matt May is a Licensed California Real Estate Agent and investor who also works closely with other investors.