Flint Real Estate Investors House Tour Making Money Property Wholesaling in Flint Michigan

By
Real Estate Agent with National Real Estate Network, LLC
 
Flint Real Estate Investors House Tour Making Money Property Wholesaling in Flint Michigan
 
 
Making Money Wholesaling in the Flint Mi & Why Investors Need Wholesalers
This Video Sound rough at beginning of video for a few minutes due to the wind noise.  
A Win- Win- Win Deal
Seller gets $3000
Investor buyer gets good rental for $7700 that will rent $650 a month
Todd’s Wholesalers team gets assignment fee of $4700
Regarding  a property on  Neubert Ave, Flint, MI 
 
 
I got this under contract with the seller for $3000 (seller pays standard closing costs and buyer pays standard closing costs) 
 
Any taxes, water, or liens to be paid at closing from Sellers funds.
 
The Todd wholesale Team then assigned his $3000 purchase agreement to investor buyer for $4700
 
The Investor buyer steps in and closes the loan in wholesaler place and wholesaler receive an assignment fee of $4700 and the seller receives his $3000 minus closing costs, water, taxes and any liens if any. 
 
The seller was happy to get rid of this headache. It was his fathers property and it was willed to him and the seller lives an hour away. The property needs work to bring it up to a selling or rental condition. The seller just wanted to get a few dollars and not have to deal with this any longer. 
 
The Investor Buyer is looking to add this as a rental property to his portfolio. He is going to clean it up and keep it is a rental property. He will rent it for $650. 
 
The great thing about Todd’s wholesale team is that everyone got what they wanted. Call  or Text Todd at 248-487-9195 or email him at todd.tcdeals@gmail.com – Ask to be put on his buyers list or if interest ask about his wholesale team.

 

 

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Comments (2)

Richard Weeks
Dallas, TX
REALTOR®, Broker

Great information, thanks for sharing.  I hope you have a great day.

May 07, 2021 03:07 AM
Bill Salvatore - YVP Blog
Arizona Elite Properties - Chandler, AZ
Realtor - Valley of the Sun / golfArizona@cox.net

Mark,

Great post, if I was only 40 years younger and know what I know now.  Thanks for the post, IT'S FRIDAY! Enjoy the weekend.  Bill Salvatore

May 07, 2021 05:34 AM