Second Wholesale Deal

[Jonathan Park]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $28,000
Sale price: $41,000

Second wholesale deal and boy this was a fun one. One major thing I learned is having a giant buyers list. The buyers were definitely in control on this one.

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

Wholesale deals are the best way to get started in real estate to grab fast cash.

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

Partner brought in the deal and the seller was really easy to negotiate. The buyers were the hard ones. I didn't have a buyers list in Little Rock at the time.

How did you finance this deal?

Wholesale

How did you add value to the deal?

I was the only one willing to sell it in 30 days.

What was the outcome?

It was closed!

Lessons learned? Challenges?

Have a buyers list to have more room to take control.