SFR Wholesale near Clintonville Ohio

[Ryan James]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $176,500
Cash invested: $95,000
Sale price: $485,000

We kept in contact with the homeowner for over a year before she agreed to meet and sell us this home. The walls we're covered in shag carpet for insulation and it was full to the brim with belongings on the day of closing. We used transactional funding to close on the property and paid for a trashout. One of our friends was able to purchase this property from us wholesale to complete renovation.

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

Friends with the homeowner.

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

Launch Control SMS Marketing

How did you finance this deal?

Transactional Lender

How did you add value to the deal?

Trashout

Lessons learned? Challenges?

We neglected to ensure we had an earnest money deposit from our first contracted buyer and they fell out last min. We pulled together the purchase price in cash within 48 hours of closing to ensure the homes smooth transition to its end buyer.