Wholesale in Colorado Springs

[Thomas Carrillo]

Investment Info:

Single-family residence wholesale investment in Colorado Spgs.

Purchase price: $190,000
Sale price: $230,000

This property was originally listed on MLS however I saw opportunity since it had been on market for over a month. After reaching out and negotiating the price, I was able to get a 30% discount. (unbelievable in this market)
I built a relationship with the agent and owner and was able to get a purchase agreement the same day.

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

Opportunity in an up and coming area. This property in particular was only 3min away from the downtown area.

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

MLS and negotiated through an agent.

How did you finance this deal?

100% OPM

How did you add value to the deal?

Created a property presentation for my buyers so they could see all the potential upside the property came with.

What was the outcome?

A satisfied seller that was out of state, and an excited investor wanting to be part of a great opportunity.

[Dmitriy Fomichenko]

@Thomas Carrillo congrats on your investment!