First deal under contract!

[Matthew Koch]

Investment Info:

Single-family residence wholesale investment in Shoshone.

Purchase price: $105,000
Cash invested: $200
Sale price: $115,000

Long description and info in marketplace.
https://www.biggerpockets.com/real-estate-listings/for-sale-by-the-owner-a-single-family-home

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

It has the potential of a value add opportunity for a 4 bedroom 2 bath home when rehabbed and fixed up like new with relatively low rehab costs.

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

On Facebook, negations had not been on price as the home owner would not budge, but the sale to get it sold at asking price with a incentive to hold off on final payment for 8 months, was the bargaining tool

How did you finance this deal?

Earnest money

How did you add value to the deal?

Video walkthrough to show rehab scope of work. Also incentives to the owner of $500 a month for 8 months to allow the full payment be delayed until rehab is complete and appraisal can be done afterwards.

What was the outcome?

TBD

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

Asked questions to a fellow real estate, investor friendly agent, Austin Davis and yes I would recommend him.