Updated almost 4 years ago on . Most recent reply
First wholesale closed!
Investment Info:
Single-family residence wholesale investment in Kulpmont.
Purchase price: $13,000
Sale price: $18,500
First wholesale deal!
What made you interested in investing in this type of deal?
No major up front costs !
How did you find this deal and how did you negotiate it?
It was posted on facebook market place, negotiated with seller in person and cited needed repairs for a few thousand off asking price.
How did you finance this deal?
None needed!
How did you add value to the deal?
I offered the seller a quick way out of a property they no longer wanted.
What was the outcome?
Happy wholesaler, happy seller, happy buyer!
Lessons learned? Challenges?
There can be a lot of communication needed with title company, have to be quick with emails.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
A great title company!