Quick "Whole-Tail" project

[Chad Shultz]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $183,000
Sale price: $225,000

Quick "Whole-tail". We bought this as a wholesale and wound up selling it on the retail market to an end user for under retail finished price. All we did was take trash to the dump and mow the lawn twice.

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

The hot market allowed up to do a quick turn on this property, making it irresistible.

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

Found as a probate project where the heir just wanted to get rid of the property, because he lived out of state.

How did you finance this deal?

No lender money was needed for this deal, we used our own cash.

How did you add value to the deal?

We mowed the lawn and threw out trash. No money invested.

What was the outcome?

Held the home for 29-days and made a good profit.