NO more deals in DFW

[Rocky V.]

Not true.  DFW is still a great market, but you won’t get any deals just sittin’ there.  Here is a deal I closed last week.  Property was offered to me by a new wholesaler who saw my truck wrap and decided to give me a call.

Details:

$43,130 All-In Price included a $7,500 Consultant Fee and $3,410 cleanup fee

$80,000 Sales Price listed on MLS for $77,900 multiple offers within 3 days

$32,450 Profit after all expenses

It took 30 days from closing to closing. Property had an ARV of approx $140K and needed about $50-60K rehab but could easily be higher once walls were open. I decided to just cleanup property and resell to another cash buyer.

Here is a pic of home

Keep in mind you won't get deals sitting behind a computer or watching A&Es flipping houses.  Get up, market, network and get some deals done.

[Rocky V.]

@Chris Soignier I prefer not to use the term wholesale fee so I choose to use consultant fee.  The cleanup fee was actually a rehab expense which included cleaning up interior and exterior of property.