My Grand Forks Real Estate Wholesale Deals

[Layton Erickson]

Hello, 

Here is another wholesale deal I did recently that I wanted to share. 

This one was more complex as the seller was particular about how they wanted to sell the property. 

The seller called me about wanting to sell their rental property. This was one of the few they still owned and they wanted to get rid of the day-to-day headache of owning it but didn't want to sell at a large discount. 

Because they didn't want to sell at a discount like a typical flip and their property was in good condition, we negotiated a lease-option. 
I facilitated the transaction instead of being the lessee. The seller got their monthly payments, the price they wanted and was rid of the headaches of owning rentals. The buyer purchased a property that was in good condition, had a long-term tenant and didn't have to put the typical 20-25% down for an investment property. Another win-win-win!