A basic wholesale transaction

[Tai DeSa]

Investment Info:

Single-family residence wholesale investment in Nesquehoning.

Purchase price: $27,500
Cash invested: $1
Sale price: $32,500

This was a wholesale deal. I put the property under contract to buy at $27,500, and then I found a landlord willing to pay a wholesale fee of $5,000.

How did you finance this deal?

I paid $1.00 as the earnest money deposit. The landlord who I wholesaled the deal to paid $5,000 as the assignment fee. Therefore, I was only out of pocket for the $1.00.

What was the outcome?

The landlord fixed up the house and rented it out.