Here is a wholetail dealer we recently closed earlier this year

[Daryl Chalmers]

Investment Info:

Single-family residence other investment.

Purchase price: $32,000
Sale price: $45,000

This transaction was quick and clean seller was an out of town investor and wanted to liquidate this 3bd 2ba fixer upper we contracted this property and purchase it for $31,000 and immediately put it on market and sold for $45,000 small profit over $12,000 less than 30 days

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

One of our sweet spots are distressed ugly houses we are always tackling those so when they get presented we typically buy them deeply discounted and their are one or two exit strategies we use fix and flip or Buy renovate rehab rent refinance we chose to quickly sell this one because of structural issues

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

Seller contacted us by phone we negotiated for about a week and got it contracted and close.

How did you finance this deal?

Private lender in our local markets was happy to be apart of this transaction

How did you add value to the deal?

We added value by actually knowing there was a spread to be captured even without touching this ugly house

What was the outcome?

$12,000 profit

Lessons learned? Challenges?

Never doubt yourself

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

Yes