Largest Deal To Date

[Jamie Parker]

Investment Info:

Other wholesale investment.

Purchase price: $57,500
Cash invested: $100
Sale price: $90,000

Small vacant lot, overlooking I-40 on the westside of Nashville

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

Direct mail to this address for 8 months. Spoke with the seller a few month prior to contracting. Just before Thanksgiving the seller was ready to talk. The negotiation was: seller wanted 65, I wanted it at 50. Split the difference, 57,500.

What was the outcome?

Wholesaled to a builder to build a house.

Lessons learned? Challenges?

Leave some on the bone for the end buyer. A year or so went by and I wondered did I leave enough room for the builder. The city required the road to be extended a few feet, along with water and sewer.