222 N. Central Ave Watertown, TN Wholesale Deal

[Brian Benton]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $101,200
Sale price: $105,000

This was a pretty straight forward wholesale deal. Assigned the contract and made $3,800.

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

Seemed pretty straight forward and thought all parties could do well.

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

This was through a pay for lead service. Negotiation was limited to what the seller had to have to clear their debts.

How did you finance this deal?

I had cash set aside, but since this was a contract assignment, no fiances were needed from me.

How did you add value to the deal?

I made the transaction painless for everyone and ensured that everyone had something to gain.

What was the outcome?

The seller was able to free themselves of a burden and finish to their last minute relocation to Florida. Buyer/agent was able to get his for flip opportunity and he crushed it. I was able to walk away with a solid profit.

Lessons learned? Challenges?

Once again, wholesaling is contagious.

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

Just the agent that bought the house (Brian Bandas). Solid guy.