Real Estate Agent Helping Investors Maximize Equity

[Humberto Valle]

Investment Info:

Single-family residence other investment.

Purchase price: $100,000
Sale price: $175,000

Helped Bigger Pockets investor dispose of this Long Term Rental property in El Paso Texas while living remotely in CA.

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

There was an opportunity to help a fellow investor who had his family growing and needed to dispose of the property to get rid of problematic tenant issues, rising taxes, and invest in other opportunities closer to home. The risk in selling was the area and low demand but having an international network access I knew I could help gather the best offers at the time.

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

It came to me through Bigger Pockets directly.

How did you finance this deal?

This deal with originally purchased through a traditional loan.

How did you add value to the deal?

I had to not only list and promote but I had to protect the equity during the negotiations with the prospect buyers, coordinate the move out with the tenant, who was previous property manager and was exercising all her rights which tend to make the situation less than ideal for sellers/landlords. I then also had to negotiate and justify the value ask with the financing lender. Once the property closed, I did walkthrough with tenant move out and even volunteered to move a fridge out of there.

What was the outcome?

Client seller was happy and was able to move funds to another investment opportunity in California.

Lessons learned? Challenges?

Im sure there were some, but it was also a pretty normal deal for me to handle.

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

Myself and then the final buyer agent and their lenders.