Single Family Wholesale deal in Olathe, KS

[Eric Janson]

Investment Info:

Single-family residence wholesale investment in Olathe.

Purchase price: $64,000
Sale price: $66,450

Here are the numbers on this when I Wholesaled it:
Price: $65,000
Rehab: $12,000
After Repair Value: $110,000

Property Sold again in July of 2014 for $112,500.

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

Numbers were good for an investor to fix and flip and for me to Wholesale

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

Found through another investor

How did you finance this deal?

No financing. Wholesale deal

How did you add value to the deal?

Presented the numbers along with solid comps

What was the outcome?

Property was purchased by and investor who used a Real Estate Agent. Negotiated the deal to include fee for the agent.

Lessons learned? Challenges?

Small profit, but a great deal for the investor.