Wholesaled my first deal today!

Wholesaled my first deal today!

Wholesaler · Lenoir, NC · Member since 2013 · 297 posts · 127 votes

I have been thinking of trying to wholesale some properties in the last month but I have not started any marketing yet. I am always talking to people and telling them that I am an investor full time. One of my friends had got the word of what I was doing and called me yesterday to tell me that he had a mobile home that he was trying to sale. It was a single wide and he began to tell me how he needed money bad. I knew that in my county you can only put a single wide in park now. He was wanting $4000.00 for it. After I went to look at it I told him that I couldn't do any more than $2,000.00. He said he would take $3,000.00 and I told him I could do $2,500.00 tomorrow. He said that he would sale it to me for that. I then called a local trailer park and sent some pictures over to him and he purchased for $3,500.00. I know that it was not a great deal of money but it is a good bit of money for no marketing and less than 15 minutes of talking on the phone and taking pictures.

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Investor · Roanoke, VA · Member since 2012 · 1k+ posts · 374 votes
12y

great job david 

take the 1000 and start marketing 

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  • Investor · Roanoke, VA · Member since 2012 · 1k+ posts · 374 votes
    12y

    great job david 

    take the 1000 and start marketing 

  • Residential Real Estate Agent · Tierra Verde, FL · Member since 2013 · 276 posts · 130 votes
    12y

    Congrats man. That is pretty awesome!

  • MHP investor from Johns Creek, GA · Member since 2014 · 123 posts · 31 votes
    12y

    David. Great job. I bet you could repeat that same action by keeping an eye on Craig's list for mobile homes for sale. Did you check with the owner of the park to see if he needed more?

  • Real Estate Investor · Sarasota, FL · Member since 2013 · 52 posts · 33 votes
    12y

    Great job, smart!

  • Attorney · Houston, TX · Member since 2014 · 32 posts · 7 votes
    12y

    Awesome.  You are ahead of me as I'm looking for my first deal.  Congrats!

    One step at a time right?

  • Wholesaler · Lenoir, NC · Member since 2013 · 297 posts · 127 votes
    12y

    @Matt Boettinger he told me to bring me all I found.

  • Investor · Dripping Springs, TX · Member since 2014 · 19 posts · 6 votes
    12y

    Nice work!  Investing smart.

  • Flipper/Rehabber · Elkhart, IN · Member since 2014 · 197 posts · 41 votes
    12y

    A few of those a month would sure help cash flow. Any how @David Lee  you did a great thing, and helped everyone out. 

  • Real Estate Consultant · Bloomfield, NJ · Member since 2010 · 2k+ posts · 1k+ votes
    12y

    Congrats David one thing I like to do is analyze my deals and closings and figure out what about my marketing made the lead a deal or the deal a closing.  Then focus more of my marketing resources in that direction so that I can gather more deals. What was it about their financial situation that you can explore and find more people like him?  Good luck sir!

  • Philadelphia, PA · Member since 2014 · 43 posts · 3 votes
    12y
    Keep it up David great job
  • Investor · Longview, TX · Member since 2012 · 631 posts · 186 votes
    12y

    congratulations David! 

  • Investor · Atlanta, GA · Member since 2013 · 43 posts · 7 votes
    12y

    Congratulations David. Your story actually got me thinking about mobile homes, I didn't even think about that when I thought about wholesaling. I thank you for your indirect inspiration.

  • Las Vegas, NV · Member since 2014 · 1 post · 0 votes
    12y

    I wonder what other properties you could "buy" and then use your marketing skills to sell them for a better price?  I have a bunch of properties for 15,000 or less.  I negotiate the prices for cheap because I don't have the time to market them all! One could find someone like me and have a regular source of properties to wholesale.

  • Sebastopol, CA · Member since 2014 · 5 posts · 1 vote
    12y

    great start!

  • Pittsburgh, PA · Member since 2013 · 3 posts · 0 votes
    12y
    Great work man
  • Stratford, CT · Member since 2014 · 51 posts · 27 votes
    12y

    Nice job! Not too shabby for what some hours of work overall.

  • Wholesaler · Rock Hill, SC · Member since 2014 · 137 posts · 30 votes
    12y

    Thats an awesome story and hey $1000 in that amount of time is awesome!

  • Investor · Fairfield-New Haven-Hartford County, CT · Member since 2013 · 825 posts · 413 votes
    12y

    You're moving at $4,000 per hour - not too many people can beat that. Congrats!

  • Wholesaler · East, TX · Member since 2012 · 88 posts · 61 votes
    12y

    The first deal is transformational.  The second one is transactional.  Time to find some more transactions.  And Congrats!  I know it's a good feeling.

  • Real Estate Investor · Columbia, IL · Member since 2014 · 29 posts · 8 votes
    12y

    David great story of the first deal. I am in St. louis and am looking to start in wholesaling. I don't have a big budget for marketing but get inspired by your story to tell everyone I know and meet what I am looking for. What a great way to build a marketing budget one deal at a time. I will keep BP informed as I go on this wholesaling journey. Look forward to hearing about you next deals.

  • Investor · Arlington, VA · Member since 2012 · 1k+ posts · 491 votes
    12y

    Great job!

  • Lender · Tyngsboro, MA · Member since 2009 · 3k+ posts · 2k+ votes
    12y

    Great job, congratulations!  You may just have found your new niche!

  • Investor/Realtor · Wentzville, MO · Member since 2014 · 846 posts · 431 votes
    12y

    Congratulations!  Reinvest it into marketing!!!!

  • Flipper/Rehabber · St. George, UT · Member since 2010 · 212 posts · 114 votes
    12y

    Love to hear the first success... the "Law of One" teaches us that when you do something one time you can do it again and again!  Keep it up!!! 

  • Brandon TurnerPro Member
    Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
    12y

    Nice work @David Lee !

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