William Welch

Forthright Partners LLC in Marlboro, NJ

I was referred to this deal by a contractor that said he had a former employee, an army veteran, that needed to sell his home. The seller had financial difficulties and several complexities that I worked through with him. In fact, I lent him money to pay off creditors that were at his door - this built good will and helped his mental state. I self-funded the deal as I wanted to diversify from equities - so I sold stock at a high price right before COVID 19 impacts. The house was structurally sound but had smoke covered walls and required a new kitchen and bath. Given the uncertainty in the industry in February and March, I decided to just clean and paint all the walls and then market to contractors and other investors. A contractor was referred to me who offered my asking price.