Real Estate Term: A wholesaler is an intermediary entity that buys and sells to resellers rather than to consumers.
Archives for September 2015
National Scope: Florida has made up nearly 20% of all distressed property sales this summer- REO’s and Short Sales. And that inventory is beginning to dwindle….
SG starting another week off with a closing! This one was a new construction deal, 7 months in the making. They didn’t like what was available so they opted to build their home. Final price was $267,000. Nice work Joe!
SG throwing 2 closings in the books to close out the week! Observing the memorial of 9/11. Enjoy your weekend all!
SG adding a closing into the books. Rental property sold for $49,000. Needs $28,000 in rehab. After some soft closing costs $82,000. Renting at $975/mo. is a 14% gross return. After 7 years will have zero debt. 100% equity on resale thereafter. Investments.
Good start to the week after a great Labor Day Weekend! We executed 2 new contracts today. Approved a couple of HUD’s too for some future closings – keep it flowing!
Remember the post from 8/25? It closed today. Challenging the appraisal didn’t work. So like any good team, we had all parties involved contribute toward the greater good. Lender, Title company, Seller, Buyer, and both Agents. Done deal. Nice work Joe!
SG up to 4 closings for this week, paired with 7 executed contracts! “Step up the stairs or stare at the steps”
Solid first half of the week, executing just over $1mill. We locked up an REO in Orlando for $195K, a rental home in Tampa for $66K, a townhome in Tarpon Springs for $440K, an investment property in Seffner for $137K, and another one in Lakeland for $225K!