Wholetale Flip! 100% private funding clearing over $100,000 Net

[Nick Lamagna]

Investment Info:

Single-family residence fix & flip investment in Elgin.

Purchase price: $260,000
Cash invested: $7,500
Sale price: $390,000

Great wholetale flip, 1 DOM purchased with 100% private funding had offers over asking within 1 hour

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

Always looking for opportunities, eventually you find them

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

Inbound lead from Facebook marketing campaign, negotiated via phone

How did you finance this deal?

Private funding

How did you add value to the deal?

Cleanout, cleanup relist ...

What was the outcome?

Over asking price offer on day 1

Lessons learned? Challenges?

You don't have to do high end full rehabs on every deal. Trust the comps