Re: Wholesaling question

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Posted by Jeff (Tx) on July 24, 2009 at 01:33:23:

In Reply to: Wholesaling question posted by Nate B on May 20, 2009 at 12:29:02:

Hi Nate,
I am a wholesaler in Tx.
here are 2 examples of wholesaling deals I have done.
Buy right and the better your payday will be.

1. 3/1 sfh Plus vacant lot in Dallas ok rental neighborhood.
Price 30k
ARV 70k (of house)
repairs 15k
Sold 33k finally sold to another investor after 4 months (bad deal)but I didnt lose money.

2. 4/2 sfh in Dallas more of a home owner type nieghborhood.

Price 90k
ARV 145k
repairs 15k
sold 110k ( I put it on mls and had a buyer in a week. closed it about 30 days, after closing cost (double closing)+(commissions) I cashed out 11k

Both with no money down. I assigned the 1st one and sold the house on the 2nd one.

Learn to buy right and you will win. Due diligence is a must. Good Luck

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