All Forum Posts by: James Matthew Spinks

Is anyone doing any STR investing in Maryville TN?

I have been doing wholesaling for a little over a year now and just started wholesaling vacant land. I live in Knoxville, TN and have a couple great vacant land deals near Smokey Mountains but I am struggling with finding buyers for these deals. Can anyone help me out?

Investment Info:

Mobile home wholesale investment in Harlem.

Purchase price: $36,000
Cash invested: $200
Sale price: $43,000

Took me 16 days to close on the property

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

Youtube

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

Zillow

How did you finance this deal?

My own funds

How did you add value to the deal?

Helped a homeowner get the most for his type of property

What was the outcome?

A check and learning experience for me

Lessons learned? Challenges?

My first wholesale deal

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

No

Hello my name is James, I'm new to all this but just recently closed my first deal wholesaling. I have only been in the real estate business for not even a month. I have been doing hvac all my life and I'm tired of it. I work too hard every day and never have time for family and when I do I am too tired. I started doing all this after seeing a video on Youtube about wholesaling and was like " I could do that " so I tried it and closed my first deal in 12 days. I currently have 4 more properties under contract with the intent to wholesale. I plan on getting my license within 30 days and eventually becoming a fix and flipper instead of wholesaling. I'm very good with people and have been dealing with homeowners for 10 years doing hvac so I believe I could be very successful in this business and would appreciate any advice.