Wholesale Deal - Arlington Virginia - Single Family Home - Off Market Seller

[Ja’el Thomas]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $415,000
Sale price: $515,000

I was able to help a preforeclosure seller get a loan modification to save her home for a year, then she got into forbearance and I got her under contract again. Shortly after, I was able to assign the property to a private investor.

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

I love helping people out of difficult situations.

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

The seller was referred to me by a family member.

How did you finance this deal?

I completed this deal with $0 out of pocket and made a huge assignment fee.

How did you add value to the deal?

I stuck with it and introduced the seller to one of the best real estate attorneys in Virginia.

What was the outcome?

I successfully sold the home a few days before it was auctioned.

Lessons learned? Challenges?

Never give up on a lead continue to follow up and market the property once under contract.

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

Yes, there was another investor that helped me assign the deal for a higher purchase price.