I closed on my first wholesale deal this week. it was a house I planned to flip, but the home was 45 miles away from me and I could not get a contractor out there to fix it. I had it for months with a for sale by owner sign in the front yard just in case someone wanted it. Ironically I had a contractor finally lined up to work on the house and a buyer called and wanted the house! I bought it for $92,000 and ended up selling for $108,000. I had some financing and closing costs that I had to pay, but not a bad deal for doing no work to the home!
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