I was going to...but decided to wholesale it

[Collin Corrington]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $55,000
Sale price: $75,000

This is a house I wanted to take down. It was going to be a great owner finance or possibly a flip. However, circumstances dictated that I needed to move it quickly.

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

It was a great deal. Mostly topical work that they needed to move quickly.

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

This was a friend of mine who got married and had to sell two houses to buy one new one. This particular house was in disrepair. I gave them a cash price and they took it.

How did you finance this deal?

Not needed.

How did you add value to the deal?

Know who to contact

What was the outcome?

I was going to create an owner finance deal with this house. However, I had a lot of issues going on with another house so I decided to take the quick money and wholesale it.