Brittany Ridge Subdivision

[Scott Johnson]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $154,500
Sale price: $168,000

A client reached out to us because they needed to move to Kentucky because they'd gotten a new job. After discussing their options, they opted for a cash purchase. We sold that contract to an investor on our list who will be rehabbing and selling it on the MLS.

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

The school system this house is located in is the best in Pitt County.

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

Our client reached out to us on our website after their friend saw us on Facebook and recommended that they reach out.

How did you finance this deal?

The buyer provided all of their own financing.

How did you add value to the deal?

We were able to close quickly so our client could move and start their new career. We also provided a great rehab for one of our consistent buyers.

What was the outcome?

A win-win-win situation.

Lessons learned? Challenges?

Unfortunately, there were very few challenges with this deal. I had jury duty the next Monday, so that's as challenging as it got.

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

Not on this deal.