Hyrum UT single family wholesale

[Jeremy Bourgeois]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $550,000
Cash invested: $1,000
Sale price: $565,000

Joint ventured with another wholesaler in Northern Utah to get this deal done. We each made $7,500 on the deal

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

Marketing campaigns brought in the deal

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

The seller found our website and we negotiated directly with him

How did you finance this deal?

The buyer used hard money

How did you add value to the deal?

We got the seller a quick and easy sale, while adding a profitable deal to the end buyer's portfolio

What was the outcome?

$15,000 total assignment fee, buyer is flipping the house

Lessons learned? Challenges?

Sometimes it is easier to split the profits and JV with someone if they can bring a valuable skill set to the table.

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

Property Sellwise