Wholesale Deal in Brooklyn Park, MD

[Ahmed Bayoumi]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $67,000
Cash invested: $18,000
Sale price: $146,000

I purchased this home through a wholesaler. It didn't need much work - just new flooring and a paint job. We also painted the kitchen cabinets and upgraded the hardware.

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

This deal was attractive because of the price. $67k in Brooklyn Park is a steal!

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

This deal was sent to me by a wholesaler on a listserv.

How did you finance this deal?

I used a guidance line of credit through a local lender