First Project as an Acquisitions Manager

[Taj Hull]

Investment Info:

Single-family residence fix & flip investment in North Bergen.

Purchase price: $290,000

This is a project I helped complete as an Acquisition Manager for Hudson West. I did not invest my own money into this deal although I played a vital role in negotiations throughout the process.

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

I found this deal while "driving for dollars" added it to deal machine and received a response from the owner shortly afterwards. Once I got in touch with the owner I asked plenty of questions, got a better feel for what their situation was and what condition the property was in (from the inside). I then made an offer on behalf of the company and after a few counteroffers we reached an agreement!

How did you finance this deal?

The company I work for financed it through money lenders.

How did you add value to the deal?

My ability to be personable, along with my communication and negotiation skills ultimately are my biggest assets and are what I bring to the table in every deal.

What was the outcome?

Currently being worked on.

Lessons learned? Challenges?

The biggest lesson I learned from my experience in this deal was how important it is to be relatable to homeowners when approaching them to purchase. Understanding that you're there to help them and not get over on them will bring you so much more success in the long run.