Updated over 4 years ago on .
First Wholetail Deal - McAllen
Investment Info:
Single-family residence fix & flip investment in Mcallen.
Purchase price: $93,000
Sale price: $105,000
Bought this from a wholesaler. Decided that we would attempt to resale on MLS since we had our crews on other projects. Found another cash buyer instantly and got it sold in less than a month.
What made you interested in investing in this type of deal?
quick cash turnaround - minimum exposure - scalability
How did you find this deal and how did you negotiate it?
wholesaler brought it to us and we negotiated down a little
How did you finance this deal?
LOC
How did you add value to the deal?
got it better exposure on the MLS
What was the outcome?
It sold very quickly to another flipper for cash
