Pilsen 6 Unit Wholesale Deal

[Michael Kevorkian]

Investment Info:

Large multi-family (5+ units) wholesale investment in Chicago.

Purchase price: $565,000
Cash invested: $5,000
Sale price: $615,000

Wholesale deal brought in by a Realtor who knows I can close fast. I signed the contract then emailed the property to my buyers list. Got multiple offers on it and sold it within 24 hours to the end buyer.

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

Pilsen is a very hot neighborhood and my office is also there so I am very familiar with the market.

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

Realtor brought it off-market to me

How did you finance this deal?

N/A Wholesale deal

How did you add value to the deal?

Bought it right and kept it off-market

What was the outcome?

Sold the property to another investor

Lessons learned? Challenges?

Should have asked for more money

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

Yes... a Realtor