Purchasing from a wholesaler can be profitable.

[Jim Thorpe]

Investment Info:

Single-family residence fix & flip investment in Grand Prairie.

Purchase price: $75,000
Cash invested: $107,000
Sale price: $143,500

Complete rehab foundation to roof.

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

We like the first time home-buyer market.

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

we actually found this property through a wholesaler. We performed our due diligence and the numbers came out right, we offered full asking price.

How did you finance this deal?

We paid cash,

How did you add value to the deal?

Foundation, roof, remodel bathrooms, new A/C system, cabinets, counter top and appliances.

What was the outcome?

We were in and out in four months, made 27k

Lessons learned? Challenges?

We learned we can do anything that comes our way. Cash is the best option for purchasing property and you have to perform your due-diligence. The biggest challenge to a property that needs everything from foundation to roof was scheduling the vendors.