2139 Wildwood Rd Wholesale Deal

[Brian Benton]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $45,000
Sale price: $50,000

Quick little wholesale deal. This gentleman had inherited the property and simply didnt want to deal with all the work that it would need.

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

I figured this would be a pretty quick, painless wholesale opportunity for other investors.

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

This came to me through a lead service I had at the time.

How did you finance this deal?

I cash on standby but no financing was necessary.

How did you add value to the deal?

I provided the new buyer a game plan with pricing that I had put together for the rehab.

What was the outcome?

Assigned the contract to new buyer giving me $5000 on the day of closing for the deal.

Lessons learned? Challenges?

This gave me my first experience with wholesaling. I immediately so the draw to it.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

As a licensed agent, I handled everything.