ARV & Wholesalers! Orlando FL
Hey!! So this one shown here was also a huge win for those who took the risk and raised enough capital for DP, closing costs and points! This one was off-market from InvestorLift tip and did my very best to promote this to help with the remaining capital needed to purchase, i had about 60k at this point in time. Couple "nay' sayers said "I need to be in 1st lien position to consider..." another potential partner who lives in FL said he and his wife had funds to invest, even after following up and showing the comps, just passed on it. However, I KNEW this would be a slam dunk even at the PP of 340k, I believed it eventually got taken down and sent to auction and sold for 250k, welp someone replicated my intentions with the property as a flip and the ARV was dead on 575-700k was the initial ARV listed by wholesaler... Sold 12/1/24 for 680k, even with 150-200k put into this 4 bed 4 bath property, you'd still come out on top as long as you managed the construction phase properly and had a preferred realtor working the deal! This example was just to show that yes, there are deals out there that need more than 1 or 2 people tied to it financially, but the reward justifies it at the end!