Wholesaled a Turnkey Property

[Lamar Johnson Karriem]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $80,000
Cash invested: $1,000
Sale price: $130,000

Simple deal but have been working on this deal for years
The owner was not trying to sell for years but because of certain situations or circumstances
The owner was finally ready to sell.

Patience is key in this Industry

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

I new this area very well and also the numbers made since..

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

Driving for deals

How did you finance this deal?

$1.000 in cash was my leverage i wholesale the deal to my buyer

How did you add value to the deal?

It was a turn key

What was the outcome?

Win win for everyone

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

N//A