First deal in a small town of 15,000 people

[Matthew Nislein]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $42,000
Sale price: $47,000

Assignment of contract.

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

Seller was a tired landlord who had not received rent for 2 years. Tenant left in the middle of the night and left the property trashed.

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

Cold calling a tired landlord list.

How did you add value to the deal?

Found a discounted property for a flipper.

What was the outcome?

Assigned contract to cash buyer for 5k.

Lessons learned? Challenges?

People with true pain points will sell for quick cash. (Quick meaning within 45 days)