Second Wholesale Deal

[Aaron Laster]

Investment Info:

Single-family residence wholesale investment in Indianapolis.

Purchase price: $9,000
Sale price: $60,000

This deal was life-changing and has been my main reason for using wholesaling as an investment strategy! The original plan was to acquire the property via a land contract to rehab and sell for retail but was able to identify a buyer at $60,000 within 7 days. I believe I could've made more from the deal but we live and we learn. I'll continue to wholesale to build up capital to acquire more multi-family rentals and fund new construction deals.

What made you interested in investing in this type of deal?

The profit potential from wholesaling.

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

Delinquent tax list and letting the seller know that I could pay for the back taxes and closing cost. I was able to negotiate with my investor to split the closing costs.

Lessons learned? Challenges?

That I should've spent more time finding better comps.