Maryville, TN Wholesale

[Cassidy Melhorn]

Investment Info:

Single-family residence wholesale investment in Maryville.

Purchase price: $101,000
Cash invested: $116,000
Sale price: $122,000

Quick wholesale to a repeat cash buyer who sold the property for $197,000 a short time later.

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

It was well below market value and I initially intended to rehab myself.

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

Foreclosure

How did you finance this deal?

Piggy Bank

How did you add value to the deal?

By securing it.

What was the outcome?

I made a little money. The rehabber that bought it from me made a lot of money.

Lessons learned? Challenges?

Trust your numbers.