Whole-tail deal. A good start in 2023 better than a typical flip

[Paul Meyer]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $15,000
Cash invested: $2,000
Sale price: $39,000

Bought, cleaned out entire house full of poop, and just re-tailed it for a $10k net profit (after taxes) for about a week of effort (driving down there and two days cleaning it)

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

Just price. Bought unseen.

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

Auction.

How did you finance this deal?

All cash.

How did you add value to the deal?

Cleaned the house.

What was the outcome?

Sold in 1 day.

Lessons learned? Challenges?

Long drives suck but oh well.

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

Yes used an agent to list on MLS.