Deals are everywhere!!

[Landon Castillo]

Investment Info:

Single-family residence fix & flip investment in Clarksville.

Purchase price: $212,000
Sale price: $287,000

This property was found by contacting tired landlords. I bought it using private money. There were very few repairs that needed to be done (less than $5,000). It was back on the market in 2 weeks and closed a month later. Very easy, fast, and profitable.

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

Always interested in high margins.

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

Tired landlords, negotiated by making two cash offers with different prices and terms.

How did you finance this deal?

Private money.

How did you add value to the deal?

Minor interior and exterior repairs.

What was the outcome?

$63,000+, $2,200 went to our lender, my partner and I split the rest.

Lessons learned? Challenges?

Be bold when making an offer. The worst that can happen is they say no.
There are SO MANY deals out there. The key is knowing where to look and taking enough action to get results.
We have made a lot of changes to automate our systems and outreach since acquiring this deal and we have picked up 4 more since with 3 currently under contract.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am an agent but I only acted as an agent on the sale side, not the acquisition side for this. End buyers had an agent.