Profitable Wrong Turn

[Bryan Hoyem]

Investment Info:

Single-family residence wholesale investment in Spring.

Purchase price: $90,500
Cash invested: $2,664
Sale price: $100,622

I found this property after taking a wrong turn in a neighborhood and seeing a For Sale by Owner sign. I called and learned that the owner had the property as a rental for a number of years and was tired of being a landlord. After negotiating the price and signing a contract, I reached out to my local network and found a fellow investor with an end buyer who was interested in the property. I assigned the contract and we split the assignment fee.