Hoarder home to be cleaned out and flipped.

[David Yoder]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $42,600
Sale price: $52,600

I got an assignment agreement on this property within 3 hours of marketing this, with a repeat buyer. There was a lot of debris, pet urine smell but my buyer got a hell of a deal on this one.

Address: 822 E Longview Ave (Parcel: 010-096001-00)
ARV: $139k
Asking: $52.6k
Square Footage: 1,091
Bedrooms: 3
Bathroom: 2
Garage: 2

Expected repair budget: Bring your boots. Come and estimate for yourself

Great location, newer siding, newer roof, newer water heater and windows.

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

It was a great location with many great exterior qualities.

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

A fellow wholesaler brought this lead to me and I negotiated for a higher offering price than the last two buyers.

How did you finance this deal?

OPM

How did you add value to the deal?

I offered to split the cost of cleaning it out.

What was the outcome?

I was able to wholesale it within 3 hours.

Lessons learned? Challenges?

I probably should have closed on this and cleaned it out.