My first property sold as a new wholesaler

[Katlynn Teague]

Investment Info:

Single-family residence wholesale investment in Mableton.

Sale price: $100,000

I started working at NetWorth Realty back in August 2022 and sold my first deal in one month and 15 days! If you are looking for more properties like this please reach out to me!
Sold this one for $100k
Rehab estimate $80k
ARV $235k

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

This house was located in Mableton, GA. What made us interested was the potential of rental comps in the area sitting at about $1,200 to $1,500.

How did you finance this deal?

My Investor used hard money to finance this deal with our in house hard money lender 212 Loans.

How did you add value to the deal?

My Investor just moved here and wanted to start investing in the Atlanta market. She was looking for a property that had a lower sales price, light rehab, that she could be in and out of quickly to use as a rental property. I added value to this sale by digging deep to find her something that matched her criteria and finding solid rental comps within a .3 mile radius of our property.