Sometimes A Deal Is More Than Money

[LaMancha Sims]

Investment Info:

Condo private money loan investment.

Purchase price: $45,000
Cash invested: $15,000
Sale price: $90,000

Triton provided the financing and consulting to a new investor to acquire, repair, and flip a property for a nice profit by all parties.

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

This was a special project because my team got to work with a new investor that was afraid to "Get into the Game". However, once she did, she surprised herself on how well she handle everything and the profits made! A true win for everyone.

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

This deal was picked up from a Wholesaler. There are still some very good Wholesaler out there!

How did you finance this deal?

We financed the deal using private money for the investor.

How did you add value to the deal?

Walking this new investor thru each stage of the deal and allowing her the space she needed to learn and seeing the light go off within her was exciting. Directing her to the right resources that not only help her overcome her fear of this project but gave her a level of confidence to handle issues that comes up in any rehab project was yet another exciting aspect to deal. The true value added was not just the money everyone made but seeing a new investor "Get into the Game".

What was the outcome?

Property sold with a nice profit!

Lessons learned? Challenges?

You cannot teach Patience. This is something that has to be learned by every Investor on each deal!

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

She got a chance to truly build a good long term Real Estate team at all levels.