Wholesale Deal In Scottsdale Arizona

[Francesca Zanzucchi]

Investment Info:

Single-family residence wholesale investment in Scottsdale.

Purchase price: $460,000
Cash invested: $2,000
Sale price: $480,000

This wholesale deal was in the heart of Scottsdale, Arizona.
1,233 Livable SF
5,804 SF Lot
🛏 3 Bedrooms
🛁 2 Bathrooms
🏊‍♂️Large Pool & Great Backyard
Upgraded roof
Upgrade Kitchen
New interior doors (installed) and floors (uninstalled & come with sale)

Offer: $480k
Est. Repairs: $30k - 3 week hold
ARV: $6​10​k

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

This home was in a great neighborhood. I knew if I locked it up I could find an investor that would be interested in flipping it.

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

This deal was brought to be by another agent. I can't stress how important it is to make relationships with other agents, they are your eyes on the market. This agent knew I invested in distressed properties and called me before her client ever went to market.

How did you finance this deal?

Cash/Hard Money

How did you add value to the deal?

This was the first time the other agent had done an assignment on a deal. I walked her through the process showing her how easy it was to save a deal by replacing a buyer who is no longer interested with a new one who is ready to take the deal over the finish line.

What was the outcome?

The seller walked away with the cash they wanted.
The buyer walked away with a profitable project.
The sellers agent walked away with a dual commission.
and I walked away with an $15k assignment fee.