EPISODE · Apr 12, 2024 · 15 MIN
136: $47,808 Reasons To Wholesale A Real Estate Deal!
from The DealMachine Real Estate Investing Podcast · host David Lecko
This is for anyone who wants to start a business! Matt Kamp found a 3 acre lot that wasn't for sale, but the seller wanted to unload it. Matt got it under contract and before closing, sold the rights to buy that property to someone else for a big fee of $47,808! Matt split that 3 ways with his friends who helped him get the deal done. We break down this deal so you can do the same. Key Talking Points of the Episode 00:00 Introduction01:31 How much did Matt make on his wholesale deal in Chesterfield?02:09 How did Matt find this deal?05:07 How did Matt and his partner evaluate the deal?06:30 What did Matt do to get accurate comps for the deal?09:09 How can your network help you through challenging deals?10:00 What is a double-close transaction?11:45 What is the best way to learn more about different types of deals?13:04 How can telling people what you do help you grow in real estate?14:40 What is Matt’s advice for people looking for their first wholesale deal? Links Document: JV Agreementhttps://www.dealmachine.com/jv David's Social: @dleckohttps://www.dealmachine.com/pod Ryan's Social: @heritage_home_investmentshttps://www.heritagehomeinvestments.com/
What this episode covers
This is for anyone who wants to start a business! Matt Kamp found a 3 acre lot that wasn't for sale, but the seller wanted to unload it. Matt got it under contract and before closing, sold the rights to buy that property to someone else for a big fee of $47,808! Matt split that 3 ways with his friends who helped him get the deal done. We break down this deal so you can do the same. Key Talking Points of the Episode 00:00 Introduction 01:31 How much did Matt make on his wholesale deal in Chesterfield? 02:09 How did Matt find this deal? 05:07 How did Matt and his partner evaluate the deal? 06:30 What did Matt do to get accurate comps for the deal? 09:09 How can your network help you through challenging deals? 10:00 What is a double-close transaction? 11:45 What is the best way to learn more about different types of deals? 13:04 How can telling people what you do help you grow in real estate? 14:40 What is Matt’s advice for people looking for their first wholesale deal? Links Document: JV Agreement https://www.dealmachine.com/jv David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/
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136: $47,808 Reasons To Wholesale A Real Estate Deal!
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