Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago on . Most recent reply
Wholesaling West Virginia
Investment Info:
Single-family residence wholesale investment.
Purchase price: $46,000
Sale price: $55,000
Lovely home but this was my first wholesale and I could of done it better
What made you interested in investing in this type of deal?
First it was a FSBO and found out they wanted to get out under the balanced owed because 1 of the owners is sick
How did you find this deal and how did you negotiate it?
Friend told me about it who is actually related to seller
How did you finance this deal?
Wholesale deal
How did you add value to the deal?
Selling to pay off mortgage and make my assignment fee and enough left for closing
What was the outcome?
Not done yet
Lessons learned? Challenges?
Give some more room to make a better profit and analyze the numbers more closely
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
No
Most Popular Reply
Congratulation on your first wholesale! What part of West Virginia was it?