Wholesale in Peoria, IL

[Brad Stegall]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $20,000
Sale price: $30,000

This was a really simple wholesale. Found a bank that needed to get rid of a house and got it under contract. Then i assigned it to another investor for a $10K profit.

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

I was interested because I could buy it really cheap and it had a lot of value.

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

I found it through a banker that I work with on some of my buy and hold deals.

How did you finance this deal?

I didn't have to finance any of it. We did a dual closing.