I closed on 2 wholesale deals a while back, and today I have the tale of 2 wholesale deals. I thought they would make a good case study today.
You put deals together based on what you hope will happen. However, smart investors always have written contingencies for the things that “could happen”. Wholesale deals sometimes have unexpected surprises.
These 2 wholesale deals were quick closings. They were 12 days start to finish. Both houses were purchased from the same motivated seller as part of an estate. The man was unemployed so he was thrilled to close so quickly. At this point, I was thinking this deal was going to be pretty painless.
I might add that his dad had passed away, add he opened the estate the next day after he died. Before planning the funeral. That pretty much sums up how he felt about his dad. He wasn’t shy about saying he couldn’t stand his dad and he was only interested in the money.