E St Wholesale Deal that housed a lot of garbage

[Lance A White]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $100,000
Cash invested: $1,000
Sale price: $108,000

Another fast wholesale deal. End buyer wanted it but couldn't close on sellers time line, so we stepped in with hard money and bridged the deal

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

Fast turn on the money

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

Wholesaler brought it to us

How did you finance this deal?

100% Hard Money

How did you add value to the deal?

Bridged the buyers and sellers closing needs

What was the outcome?

Made a little bit, probably not worth the effort for about $2200

Lessons learned? Challenges?

Put in contract that seller must remove all garbage or we get a clean out credit at closing.

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

Just one of our hard money lenders.