Quick assignment from a MLS lead

[Harvey Yergin IV]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $69,000
Cash invested: $1
Sale price: $74,000

Quick contract assignment off the MLS.

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

Our need to make money.

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

MLS. Made the best offer we could make with intention to purchase and wholetail. Seller went with another offer initially. That offer fell through and there we were!

How did you finance this deal?

Assignment

How did you add value to the deal?

N/A

What was the outcome?

Assigned it to another local investor for $5K.

Lessons learned? Challenges?

You can find deals on the MLS and you can even assign those deals!