Project Crestline - Wholesale

[John Slater]

Single-family residence in Crestline, CA Purchase price: $80,000.00 Cash invested: $0.00 Sale price: $115,000.00

We received a referral. Vacant cabin, seller not well, wanted to off-load asap.

Initially they wanted $100,000, we signed a contract at $80,000 with all the intentions of flipping it. I almost thought of keeping it as a rental and a get away home.

While walking the property, the neighbor came by to take a look and asked me how much I wanted for it. I threw out a quick number of $120,000, and he came back at $115,000.... We closed 12 days later.