How did you find a buyer for the property if you sold it?
Once I put the property under contract I sent it out to all my investors to see if anybody would interested to buy or lend on this deal. There were several other mastery students that wanted the opportunity so I wholesaled it to Ray of Silver Linings Properties!
What are some of the major lessons learned that you would like to share with other students that they can learn from?
This deal was very complicated because we choose to wholesale it buy adding an additional buyer to the contract with the intention of doing a quit claim deed at the table to buy my company off the title. Because we were both listed as buyers and only the additional buyer was receiving financing the seller had issues the day of closing. The solution was to do an addendum taking my company off the contract (that was easy). The additional buyers lender was having issues with fully executed contracts and addendums (seller side) and refused to fund the deal at the closing table. It took an additional week to get all the contracts straightened out and close but we closed!
Shout Outs & Testimonials
This property was the first time that went live on facebook with my realtor and I received a huge rush of calls and emails wanting to know about my system that I have with my realtor and how I found such an awesome deal. I also received a couple calls wanting to know more about the property which resulted in increasing my buyers list. Big shout out to the Mind Protein Team for pushing the envelope in the online marketing world!