Single Family Residence Wholesale investment

[Erin Rooney]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $100,000
Sale price: $115,000

Purchased a 2 BR single family home in the 51106 zip code of Sioux City and wholesaled it to an investor that same week. I offered $100,000 (buyer paid closing costs)and he paid $115,000. Simultaneous closing.

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

cold calling

What was the outcome?

$15,000 gain, $0 investment

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

No