First Subject - To and Wholesale Deal

[Wesley Thompson]

I recently locked up my first subject - to deal which I wholesaled to another buyer. Really excited as creative situations is where I'm looking to build my credentials and skills.

Property Value: $220,000 - $230,000

Loan takeover amount: $168,720 (PITI - $1178), VA loan @ 3.25%

Solar Loan - $48,500 (monthly payment $158), 20-year ammortization @ 1.9%

Cash to seller - $12,500 

Assignment fee - $5000

10-year balloon

Located near Augusta, Ga just a few miles from a military base. Found the opportunity in a FB group for RE in the area.