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Updated almost 6 years ago,
First Deal in the Book
Investment Info:
Single-family residence wholesale investment in Mount Penn.
Purchase price: $25,000
Cash invested: $50
Sale price: $30,000
First Deal in the book done , thank you for all information to get my foot in the door of real estate investing BP . This Property I Found on a online software that worked for me . I Cold called this seller and played the follow up game, I was nervous and didn't have a dime to my name to get this deal done , But I did not allow that to stop me from getting this deal done . I closed this deal on the day before of the contract ended what a learning experience. Now it's time to repeat !!!
What made you interested in investing in this type of deal?
I've been studying my market and notice that this was a hot area to invest, I found this deal and immedialtely jumped on this deal assigned it to my end buyer Got PAID !
How did you find this deal and how did you negotiate it?
I found this deal by using a online software that provides me with vacant leads , I got my list skip traced and cold called the seller played the follow up game, finally got a appointment . When it was time to negotiate , I asked the seller what exactly would you want for the property. the seller immediately told me what there realtor told him and his wife what the property was worth in its current condition. after seeing the home I was able to create a win , win DEAL all around the board.
How did you finance this deal?
OPM , Found a end buyer by stalking who was buying in my area .
How did you add value to the deal?
Time,Hustle, knowledge and also creating a deal where everyone felt like a winner !
What was the outcome?
Close this deal the day before Purchase agreement ended ! Jan 11th 2019 !
Lessons learned? Challenges?
Lessons I've learned it to not be afraid and take risk even when its unfamiliar , the best the are hidden behind fear. also to vaule not only my time but others .
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
No , I've thought about becoming a agent but I found that I do not have to maybe in the near future I will consider. As of now I am focusing on other investing using OPM .
