Beautiful Log Cabin Flip

[Michael Draper]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $7,000
Cash invested: $7,000
Sale price: $10,000

Bought a big log Cabin, sold it to another interested buyer.

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

Cheap purchase price, beautiful property.

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

The buyer lives nearby and contacted me

How did you finance this deal?

Buyer paid cash.

How did you add value to the deal?

Buy finding the deal, holding onto it and cashing out at the right time.

Lessons learned? Challenges?

Sell houses faster to avoid losing money to property taxes.