All Forum Posts by: Cheryl Bednar-jimenez

Hi Selina;

There are at least 100 off market properties in Texas.  Check it out and let me know what you think.  Thanks!  Cheryl 

Wadzoo is the platform where Wholesaler Real Estate Investors post their off-market deals to other professionals in the network.

Currently, there are over 2,000 properties posted by wholesalers, mostly in the state of Florida. You can shop for your next discount property on the Wadzoo map of Off-Market deals not found anywhere else, AND post your wholesale deals for dispo for Free!

How to become a part of the network and get a free plan (no card required):

-"Download the App" on your phone or tablet via the below link:

https://wadzoo.com

Happy Investing!

Investment Info:

Single-family residence fix & flip investment in Valley Village.

Purchase price: $225,000
Cash invested: $20,000
Sale price: $280,000

I purchased this property as a subto with the intention of doing a fix/flip. I was able to get into this property
with $20k down and $20k in rehab. I made a 62% return on investment when sold for $280k

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

It was a subject to deal that I only needed $20k to get in and $20k for rehab

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

This came from my team and I negotiated the subto terms because she was motivated to sell, but had a mortgage higher than my cash price.

How did you finance this deal?

I used my own cash.

How did you add value to the deal?

I rehabbed with paint, new flooring, new fixtures and staging.

What was the outcome?

I made $25k which was a 62% return on investment.