Downers Grove Single Family Wholesale to Gut Rehab

[Michael Kevorkian]

Investment Info:

Single-family residence wholesale investment in Downers Grove.

Purchase price: $110,000
Cash invested: $1,000
Sale price: $160,000

Wholesale deal that was brought in by another investor. They were direct with the owner, pre-foreclosure situation and it was sold to another investor who is doing an extensive gut renovation to later flip to a retail buyer.

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

Great neighborhood with high values for move-in ready inventory

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

Fellow wholesaler

How did you finance this deal?

N/A Wholesale

How did you add value to the deal?

Bought it right

What was the outcome?

Sold to a rehabber