James Hunt

Gateway Property Partners in Eureka, MO

James Hunt with Robert Wibbenmeyer

We found the deal through an acquaintance on Facebook. The seller had some health problems and was moving in with her sister who contacted us. We were able to negotiate a subject to purchase plus pay the seller $5,000 on top. Our original intention was to rehab and sell the property. I saw a post from another investor in our area looking for a property to rehab that fit the parameters of this property. I messaged him on FaceBook and discussed the details. He was interested in the property, we negotiated the deal as a double close. We have done many rehabs to this point, but this was our first subject to deal and our first wholesale deal. It was a true WIN-WIN-WIN deal. The seller was thrilled, the end buyer was thrilled, and we are happy with our profit.

Wholesale Details

Property City:

Florissant

Property State:

MO

Purchase Price:

$55,000

Holding Costs:

$1,000

Sale Price:

$73,000

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Case Study

How did the FortuneBuilders team and resources help you to accomplish this deal?

We could not have done this without the education and guidance provided by FortuneBuilders. Learning to understand wholesaling, and how to negotiate a subject to was invaluable.