Most Difficult Wholesale Deal We've Ever Done

[Troy Peterson]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $52,900
Cash invested: $52,900
Sale price: $150,000

This deal was saved from a tax auction the day before the auction. It had four owners, all brothers, 2 were deceased, and 1 of the decedents had an IRS lien we had to settle and the property had fire damage. We settled the back taxes, cleared the two probates, negotiated a small settlement with the IRS and when we finally got a clear title we sold it for a profit of about 92k.

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

WE know that you have to solve many problems to get to a good profit. This one had all the problems. Unpaid Taxes, Probate, IRS Liens and fire Damage too.

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

Found this one searching the Tax Deed sales. We contacted the owners prior to the auction and negotiated a simple buy out to keep it form going to auction and give us control of the property so we could make the deal.

How did you finance this deal?

CASH

How did you add value to the deal?

Just cleared the title so it could be marketed successfully.

What was the outcome?

92k Profit