We had a call come in from a seller who is power of attorney for her brother who happens to be in prison. He needs to sell the house so he has money when he gets out.
We bought this house for 105k cash. I never gave them an offer…she told me her price.
The house needs $7500 in work.
Exit is 179,900
There are 7 pending in the neighborhood and 0 available to purchase- a perfect selling situation.
These deals happen all the time.
Once your #1 problem of marketing is solved, you quickly spiral into the second problem – how to raise money? In other words, you run into the fulfillment problem.
Paul Dillon a.k.a. Big Pauly stopped by this Tuesday to share a pretty interesting deal he had recently, the problems he ran into with it, and how he managed to overcome them.
In the house flipping business, like in any business, it’s normal to go through a struggle. This week, we are talking about the first of the two main problems that every business faces – the struggle with marketing.