What's Your Best Wholesale Deal Ever?

[Wendell De Guzman]

I am looking for my fellow wholesalers to share with us their "Best Wholesale Deal" ever. This is to inspire both newbies and experienced investors alike. Put here the numbers: ARV, repairs, your offer and your profit...and also describe why you think this is your best wholesale deal ever.

Let me start with my best wholesale deal ever.
This is not my most profitable deal.
But this is my best wholesale deal ever because this is a shortsale that almost never happened. But in the end, all the pieces fell into place and everyone in the transaction are happy.

It's a shortsale.
I bought it from the seller for $71K. It's worth $140K fixed up.
I almost did not sell it because a previous buyer who looked at it said I missed a repair item (it turned out that rehabber was exaggerating the repair amount) and I should lower my selling price. But by marketing it extensively, I found my buyer who paid me $88K for it giving me profit of $17K (he paid for all the closing costs).

The seller is happy because she can move on with her life and the bank did not go after her for the foreclosure.

Bank is happy because they have one less bad loan on their books (which by the way is a big liability for them because of themold issue).

The rehabber who bought it from me sold the house for $140K (in 8 months)...he made about $25K.

What about you?