All Forum Posts by: Dw Chalmers

Investment Info:

Single-family residence wholesale investment.

Purchase price: $87,000
Sale price: $101,000

what a journey this deal was to get to the closing table We stopped an active foreclosure twice , had to bargain with banks, negotiate with realtors , renegotiate with seller due to undisclosed payoffs , hassle with title company to get the transaction structured the way it should have WOW ! So much time went into this deal to get to the closing table really wish we were tracking back then the way we are now.

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

lead originally came through in 2021 massive amounts of bank follow ups and take aways from this closing knowing what i know today we would have closed this one way faster 🧠

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

lead came in from a family referral negotiated over the phone two years to actually close on this transaction for many reasons

How did you finance this deal?

wholesaled it on the mls if you are interested in lending opportunities at 9% to 18% interest 6 to 12 month turn arounds or maybe you would be interested in longer term deals reach out to me directly lets partner 901-426-7003

How did you add value to the deal?

We stopped foreclosure twice and brought in a buyer got to the closing table deal closed

Investment Info:

Single-family residence wholesale investment.

Purchase price: $87,000
Sale price: $101,000

what a journey this deal was to get to the closing table We stopped an active foreclosure twice , had to bargain with banks, negotiate with realtors , renegotiate with seller due to undisclosed payoffs , hassle with title company to get the transaction structured the way it should have WOW ! So much time went into this deal to get to the closing table really wish we were tracking back then the way we are now. very happy to get the seller liquidated and the buyer the property left a lot of meat on the bone due to time restraint and lack of financial resources so we wholesaled the deal . if you are a pml or hard money resource contact me we need you on future deals that's currently in our pipeline Today!

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

lead originally came through in 2021 massive amounts of bank follow ups and take aways from this closing knowing what i know today we would have closed this one way faster 🧠

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

lead came in from a family referral negotiated over the phone two years to actually close on this transaction for many reasons

How did you finance this deal?

wholesaled it on the mls if you are interested in lending opportunities at 9% to 18% interest 6 to 12 month turn arounds or maybe you would be interested in longer term deals reach out to me directly lets partner 901-426-7003

How did you add value to the deal?

We stopped foreclosure twice and brought in a buyer got to the closing table deal closed

Investment Info:

Single-family residence note investment investment.

Purchase price: $9,000
Cash invested: $10,329

Here is a 4bd 2ba house we closed on. Utilizing all cash and will actually resell this property as is using seller financing.Taking a first position mortgage the buyer is already under contract as of today paying purchase $45,000 at a monthly payment $800 per month 3 yr term. Projected profit $36,000 We have so many buyers looking to purchase this property and similar structures such as this one.

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

we believe that every deal has a buyer if the structure is setup properly there is always a customer for seller financing

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

Seller called us seen one of our bandit signs locally in the market

How did you finance this deal?

all cash

How did you add value to the deal?

Buy purchasing the asset

What was the outcome?

down payment 10,000
monthly payment $800.00
3 yr term
sales price $45,000

projected profit $36,000

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

no

Investment Info:

Single-family residence wholesale investment in West Memphis.

Purchase price: $38,000
Cash invested: $38,000
Sale price: $60,000

The lead source came from a Direct mail campaign. was very excited to help the seller liquidate his family's vacant house that he had inherited . This house had a massive $98,000 Medicaid lien in place that we actually negotiated with the sate . Realtors in the market also helped us prove and evaluate the as is condition to the state,that ultimately helped us get a massive price reduction and get this deal closed.

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

property was vacant and needed alot of work

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

Direct mail was the lead source negotiation took place over the phone

How did you finance this deal?

private partner

How did you add value to the deal?

comps in the Neighborhood

What was the outcome?

$20,482 profit

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

Real estate agents

Investment Info:

Single-family residence wholesale investment.

Purchase price: $38,000
Cash invested: $38,000
Sale price: $60,000

The lead source came from a Direct mail campaign. was very excited to help the seller liquidate his family's vacant house that he had inherited . This house had a massive $98,000 Medicaid lien in place that we actually negotiated with the sate . Realtors in the market also helped us prove and evaluate the as is condition to the state,that ultimately helped us get a massive price reduction and get this deal closed.

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

Vacant house great neighborhood property had a massive lien

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

Direct mail negation took place over the phone

How did you finance this deal?

we bought it cash

How did you add value to the deal?

local comps in the area

What was the outcome?

$20,283 profit

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

real estate agents

Investment Info:

Condo buy & hold investment in Memphis.

Purchase price: $17,200
Sale price: $30,000

we purchase this deal using seller financing sales price $17,200 $8,000 down $400 per month zero interest and sold it on a 2 yr lease option for $30,000 down and 700 per month and we have being cash flowing since the day of closing each month on this vacant condo

Investment Info:

Single-family residence wholesale investment.

Purchase price: $30,000
Sale price: $37,000

we picked up two properties from this out of state seller was very excited to help him out and he is actually one of our cash buyers today

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

Great area perfect location good rental pocket numbers were perfect

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

Direct mail

How did you finance this deal?

assignment deal

How did you add value to the deal?

direct to seller

What was the outcome?

$7,600 assignment

Investment Info:

Single-family residence wholesale investment.

Purchase price: $30,000
Sale price: $53,000

Lead came in out of state investor looking to sell we contracted this house for $30,000 it was lightly fire damaged

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

knowing the market and that particular area i instantly knew there was a spread to capture and we did just that with a $23,000 dollar assignment fee

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

inbound lead came through and we contracted the deal direct to seller

How did you finance this deal?

we assigned this deal

How did you add value to the deal?

being direct to seller brining a good deal to the market place

What was the outcome?

$23,000 assignment

Investment Info:

Condo buy & hold investment.

Purchase price: $17,200
Sale price: $30,000

we purchase this deal using seller financing sales price $17,200 $8,000 down $400 per month zero interest and sold it on a 2 yr lease option for $30,000 down and 700 per month and we have being cash flowing since the day of closing each month this vacant condo

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

we was eager to do this deal because the seller was not in need of all the cash and we also noticed the profit margin that was there between the monthly payment and what we could rent it for and also the back end profit of $12,800

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

Direct mail and by phone

How did you finance this deal?

using seller financing

How did you add value to the deal?

seller was ready to get rid of it

What was the outcome?

Total profit of 13,150

Investment Info:

Single-family residence wholesale investment.

Purchase price: $30,000
Cash invested: $3,000
Sale price: $45,000

we purchase this property with a hard money loan for $30,000 and wholetaled it right back on market for a 13k profit sold it for for $45,0000

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

what attracted us to the deal is that we recently wholsaled a month prior up the street from this subject house so we were very familiar with the comps to know it was a deal for us to capture a spread

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

through text is how we found the deal

How did you finance this deal?

lender in my area that i have a relationship with funded the deal

How did you add value to the deal?

we added value by acquisitions knowing the spread and acting quickly

What was the outcome?

$13,0000 Net profit