Sam Craven Wholesale Deal

 

Sam Craven Wholesale Deal

Senna House Buyers in Houston, TX
Sam Craven with Robert Craven Mat Trenchard

This was a wholesale deal that came to us from our absentee mailer. There were 3 properties on the 2 lots. I didnt think much of this property, in fact i thought we were overpaying for this deal, but we have a repeat buyer in Dubai that loves cash flow and appreciation and this deal has both of those. Without marketing it to anyone else we sold this property sight unseen to an out of country buyer. We had to do some extra work in setting up contractor bids and providing comps ect, but it was well worth it.

Wholesale Details

Property City: Houston
Property State: TX
Purchase Price: $250,000
Holding Costs: $6,000
Sale Price: $350,000

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Case Study

How did you find and structure the financing of this deal?

Transnational funding with a hard money lender so we could double close


Provide a summary of the repairs and improvements you made to the property.

none!


How did you find a buyer for the property if you sold it?

Relationship with an out of country buyer, we sold it sight unseen to an expat in Dubai.


What are some of the major lessons learned that you would like to share with other students that they can learn from?

having a very strong RELATIONSHIP with your buyers is MUCH more important than a big buyers list. This deal caused us to completely change our strategy for how we sell our properties. We are now far more customer focused, instead of big list focused.




Before & After Photos