South Omaha Wholesale Deal

[Owen Dashner]

Investment Info:

Single-family residence wholesale investment in Omaha.

Purchase price: $72,000
Sale price: $90,000

Contributors:
Brandon Tauber

This is a South Omaha home that we picked up from a PPC lead. The owner wanted a quick, easy sale because the house needed quite a bit of work and he already had another house bought and didn't want to deal with it. We closed on it and ended up selling it as-is to another investor friend, and financed his purchase with our hard money lending business.

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

This was an off market lead, needed work, and offered multiple exit strategies.

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

We found this one through our PPC channel. We made it easy for the owner, who left behind a house full of stuff and a lawn about 2 feet tall. We offered cash and a flexible closing, which he liked.

How did you finance this deal?

We bought this one using our line of credit.

How did you add value to the deal?

We didn't really do anything to the property other than cut the jungle lawn.

What was the outcome?

We sold to an investor friend who is an experienced rehabber, and we provided financing for him with our hard money biz.