First wholesale deal

[Alex Bock]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $15,000
Cash invested: $10
Sale price: $17,000

First wholesale deal sold to local investor and rented for $725 a month AS-IS!

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

A facebook swap page, I worked with the owner to determine the fair market value and negotiated the purchase price based off of the work the prospective investor told me he would be planning to perform.

What was the outcome?

A great investment for the investor who purchased it and the seller was able to relocate to somewhere in a pinch where there was warmer weather!