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Updated 3 months ago on .
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Quick Wholesale Flip
Investment Info:
Single-family residence wholesale investment.
Purchase price: $175,000
Sale price: $205,000
Purchased this cash. After reviewing the cost to rehab and the area of town, I decided to Wholesale for a quick profit.
Sold it on a Real Estate Contract (Owner Financing) with $100k down, the balance is financed at 10% for 13 months, then the loan is called.
What made you interested in investing in this type of deal?
When this opportunity came to me I intended on rehabbing it. In the end it was best to just turn it.
How did you find this deal and how did you negotiate it?
A previous Client and employer of mine came to me wanting to unload a property. I thought it was worth less, but I want to open a door with this client to potentially get more of his resi props. In the end I still made a profit and helped a new investor.
How did you finance this deal?
Paid Cash, Sold on a Contract
How did you add value to the deal?
Did not
What was the outcome?
See above
- Shane Dolinski
- [email protected]
- 505-720-3110
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