Double closed and sold

[Dw Chalmers]

Investment Info:

Single-family residence wholesale investment in West Memphis.

Purchase price: $38,000
Cash invested: $38,000
Sale price: $60,000

The lead source came from a Direct mail campaign. was very excited to help the seller liquidate his family's vacant house that he had inherited . This house had a massive $98,000 Medicaid lien in place that we actually negotiated with the sate . Realtors in the market also helped us prove and evaluate the as is condition to the state,that ultimately helped us get a massive price reduction and get this deal closed.

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

property was vacant and needed alot of work

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

Direct mail was the lead source negotiation took place over the phone

How did you finance this deal?

private partner

How did you add value to the deal?

comps in the Neighborhood

What was the outcome?

$20,482 profit

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

Real estate agents