Quick wholesale deal

[Collin Corrington]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $20,098
Cash invested: $20,098
Sale price: $35,000

It was a wholesale deal essentially but I did end up closing it.

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

There was room in it. The house was really rough but we found a buyer.

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

This was found by a Realtor friend of mine and she called me.

How did you finance this deal?

Cash

How did you add value to the deal?

All I did was change the locks.

What was the outcome?

Sold it to someone that was going to flip it.

Lessons learned? Challenges?

I learned to keep my network open. The buyer on this deal came from a town I do very little marketing or networking in.