Sunday, October 2, 2016

The $30,000 land deal





This is a great example of making the most out of a small deal. Two local wholesalers brought this deal to my partner BP. They had it locked up for $8,000 and needed to close quickly. So they bought the property and immediately listed it for sale. After checking the comparables, I believed the lots were worth around $20 to $25k each. We listed them separately for $25k or both for $45k.
I received a call from a local investor who found my listings on Zillow. He is looking to place his cash into Avondale land. He just wants to hold onto the lots for the next 10 years or so. We negotiated and settled on $40k for both lots. It is an all cash offer with a 2 week close. So they will be making over 30k on a cheap double lot.
I hope this video motivates you to get out there and find those deals. We team up with beginner investors so they know they can make those offers and they have legit buyers backing them up. Bring us your deals and we will fund, flip, and split the profits.

www.facebook.com/azflipguys
http://phxcashflow.blogspot.com/

No comments:

Post a Comment

Bio - Kris Ontiveros

Kris Ontiveros is a Real Estate Investor as well as a licensed Realtor with US Preferred Realty in Mesa Arizona. Kris fix and flips residential real estate in the Phoenix AZ market. Contact us with any questions or potential deals. We are always looking for properties and private lenders.

Kris Ontiveros
602-292-5747
krisonti@gmail.com

All information is deemed reliable but not guaranteed. All buyers should perform their own due diligence.

Followers