Got my first wholesale deal!

[Sam O'Neill]

Took me 2 1/2 months from when I began as a real estate investor and I just was able to cash my first check (10k). Without BP and this forum I would never of been able to do it.

Got the house when I was out looking at a REO across the street and noticed it was vacant. Neighbors saw me out walking around the yard, we got to talking and next thing you know I am introduced to the neighborhood watch guy who knows the owner of the vacant house across from the REO. I knocked on her door, made her a cash offer with a contract presented and 2 weeks later, with a little persistence a deal was made and closed!

As for the deal. ARV 270-275k. Got it for 150k. Going to put 45k into it, will take 6 weeks to rehab( house was in decent shape) and my mentor will pocket a projected 40k. Bc I have my real estate license I will also will be the listing agent and will get some money on the backend as well around 5k.

I'm now reinvesting my money into a direct mail campaign and hoping I can get the pipeline going so I can start doing my own flips, after I learn the ropes from my mentor on this one. Hope everyone who read this enjoyed it, looking forward to post more in the future!

[Alex H.]

I like your enthusiasm. It's very contagious. Congratulations!