Updated almost 6 years ago on .
Giving Back to Society
Investment Info:
Single-family residence wholesale investment.
Purchase price: $1,000
Cash invested: $1,000
Sale price: $8,500
Made a little curb appeal. Resold
What made you interested in investing in this type of deal?
The Price
How did you find this deal and how did you negotiate it?
Went on Craigslist..Went to property knocked on some neighbors doors asked what they paid in Rent entirely too low . So wouldn’t work for a rental with repair cost. So I contacted owner and told him I didn’t want it. He told me if I paid back taxes which was a thousand dollars , I could get it.
How did you finance this deal?
Cash
How did you add value to the deal?
Repair roof and painted outside.
What was the outcome?
It was a win win for everyone. The investor I got it from got taxes paid, I was able to help people that needed work to do. And I sold it to someone that bought it to live in. So I just turned it back over to society.
Lessons learned? Challenges?
It went the way I thought it would.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
No
