This was my second wholesale transaction, but the one that made the light go off inside my head. If I was too busy with my on projects as well as still being active duty military, why not pass the deal off to another investor and still make a little money? This opened another way to bring income, but more importantly allowed me to network with people by adding value. This also allowed me to keep developing deal analysis skills and well as negotiating with sellers. I ensured that the numbers worked for the next investors with my assignment fee included. With this property, it was not hard at all because of the price I was able to negotiate. The reason it was so good, was because of the new bypass that was being built in Fayetteville. The city was buying up properties so that they could build the bypass, some properties were not as drastically affected by this as some. Braddy was one of those homes, where the city over paid the original home owners for the portion of their property they were going to make a utility road access for the bypass. This property was still in the best school district in Fayetteville and as soon as the rehab was going to be done, it will be under contract within days! If you want to see more about the rehab, go to his website www.brokeisachoice.com. Alex shared this project on his webpage and his YouTube channel.
Quick Break Down:
Purchased Price: $20,000
Sold Price: $145,000
If you want to know more, check out his YouTube page, he shows it all!!