Third Wholesale Deal and the lowest I ever made on a deal

[Jonathan Park]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $75,000
Sale price: $75,000

This was another result of not having enough buyers. My partner and I netted $1500 from this deal. The EMD the buyer put down was our profit. No matter what we made a vow to close on every deal. However, this one wasn't the greatest at all.

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

It was the only thing in our pipeline.

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

Freedomsoft and the buyer wouldn't budge. We didn't have much to negotiate from the buyer and seller.

How did you finance this deal?

Wholesale

How did you add value to the deal?

Only ones willing to close within 30 days.

What was the outcome?

Closed

Lessons learned? Challenges?

I need more in the pipeline and more buyers.