Last wholesale deal

[Germaine Jenkins]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $195,000
Cash invested: $400
Sale price: $225,000

I wholesale a rehabbed SFH with 3 bd 2 ba in Dallas.

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

I was familiar with the area and knew that people were flipping properties in the neighborhood.

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

I found it by driving for dollars.

How did you finance this deal?

I used a cash buyer to complete the process.

How did you add value to the deal?

I ran the comps in the area and the price was accurate.

What was the outcome?

The deal closed 18 days after the initial offer.

Lessons learned? Challenges?

Buyer was hesitant about the negotiations and stalled for a while.

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

I worked with wholesale guru Flipman.