Holy Wholesalers Batman - A great learning experience on this flip in Georgia

[Patrick Culleton]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $227,000

This was an experience for sure. My biggest takeaway was to ALWAYS keep a cool head. There were multiple parties (and wholesalers) involved in this deal, and at one point it felt like we were never going to make it to the closing table. Fortunately, cooler heads prevailed, and we were able to successfully get everyone back on the same page: closing the deal. We eventually closed and this property received a full remodel for it's eventual sale. Always stay solution oriented!

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

More deals = more experience!

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

Through a wholesaler, direct to seller's agent

How did you finance this deal?

I did my own financing on this deal, and it was a great experience.

How did you add value to the deal?

Full interior remodel and landscaping

Lessons learned? Challenges?

There were multiple parties (and wholesalers) involved in this deal, and at one point it felt like we were never going to make it to the closing table. Fortunately, cooler heads prevailed, and we were able to successfully get everyone back on the same page: closing the deal. We eventually closed and this property received a full remodel for it's eventual sale. Always stay solution oriented!

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

I am the listing broker, lender, acquisition GSD'er and team captain ;) and worked with my investor partner to make it happen