All Forum Posts by: Lindsey Johnson

Investment Info:

Other wholesale investment.

Purchase price: $35,000
Sale price: $40,000

Met this seller through a mail campaign I did in Charleston,South Carolina. He called me to tell me that the subject property was not for sale. I asked if anything else in his portfolio was. He told me that an acre of land in NC was. I called around, met a local agent, and ran some numbers. We came up with a good offer price and locked it up. We marketed the property to our lists and brought a qualified, cash buyer and assigned it for a fee. We, our seller, and our end buyer all won on this one!

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

Ease of transaction and scalability

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

Mail marketing.

How did you finance this deal?

Wholesale, no out of pocked expense!

How did you add value to the deal?

By leveraging my ability to structure the deal and utilizing my buyer's list to dispo the deal.

What was the outcome?

5k and hopefully another couple of deals to come with the crew I put together.

Lessons learned? Challenges?

I would have structured the margin more conservatively. Nonetheless, I am happy with how it went down.

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

Yes, Robert Pompey III from Winston Salem. He was excellent.

Hey @Vendela Frank , I am a realtor and investor in Charleston and I also do some business in Summerville. I am probably not your mentor, but I would love to help get you connected in the area. There is a great REI meeting monthly at Palmetto Brewing downtown that you should join. Next gathering is on 4/6. I shot you a DM, let's connect.

Hey there,

We have a condo under contract at 317 windy lane in Vista, CA.

Here are some details:

• Built 1987
• 1 Bed, 1 Bath, 856 square feet
• 2 car garage with ADU potential
• 2 driveway spaces
• Vacant
• $425-430k ARV, Comps at 215 Windy Lane, 321 Windy Lane
• 20-30k rehab needed to get it there (Windows, kitchen, floor in kitchen and bath, bathroom)
• $335k asking price
• Cash closing
• Showing Thursday 3/8
• Photos attached: https://drive.google.com/drive/folders/1YzcHmkhG3JsaLyyaTFcMR6dTCMTuqSML?usp=share_link 

Call, text, or respond to this email with questions, offers, or to schedule a showing.

Lindsey

Evergreen Investments, Investwithevergreen.com

Hey @Jordan Dixon , welcome to BP! I am in Charleston, SC too. I agree with @Troy Gandee , the REI meetup is a must. Would love to connect and see you there some time!

@Ken Bell , both lots are wired for electric and city water/sewer. I should have the contract tonight. Once I do, I would love to share more details to get your insight!

@Bryant Brislin , I should have the contract this evening. I'd love to get some insight from you once I do! I can share address, APN, etc. Would that work?

@Karen Guo You are at a great age and stage of life to get started. Wish I would have back then! I shot you a DM. I am from the Raleigh area. Great place with massive growth happening! Give me a call if you want to chat.

Hey BP,

I have a seller who has an acre for sale in Winston Salem. He wants 20-25k and will seller finance, principle only, with a 5 year balloon.

Curious if anyone has experience wholesaling, flipping, or developing land in this area.

Let me know!

Hey BP,

I have a seller who has an acre for sale in Winston Salem. He wants 20-25k and will seller finance, principle only, with a 5 year balloon. 

Curious if anyone has experience wholesaling, flipping, or developing land in this area. 

Let me know!

Run your numbers conservatively and make sure it would cash flow/break even as a LTR if you had to keep it!