Montgomery Street

1/6/23 (3/2 & 1,928 sqft)

First Wholesale deal! When it comes to Real Estate there are SO MANY "buckets" to choose from. Long term rental, Short term rental, Fix and flip, Wholesale, etc. This makes it very difficult to find yourself stuck in a sticky situation which is why I love Real Estate. This property came to me from another investor friend of mine who said the owner was in a tough situation and needs cash now. 

With this property being far from me and needing 10-20K in repairs I decided I did not want to buy it. I would much rather use those rehab funds for down payments on "rent ready" properties as you know cashflow is my game plan. 

I then decided to take a look into my so called bucket to see if any options would make sense. I thought why don't I find a buyer for the owner and then add my fee into in. So I did just that. I found a buyer that would pay the owner exactly what he needed and then I worked my fee into the deal with the buyer. This is called Wholesaling and I was very pleased to create a win-win situation for everyone involved!