How Real Estate Wholesalers Bring Value To Investors
(from Forbes Real Estate Council – Community Voice posting)
“The real estate wholesaler’s value to their buyers is in their ability to locate and negotiate control or purchase of homes at discounts, allowing the wholesaler to profit from immediate resale. The typical wholesale deal usually moves from purchase of the property to resale within a few days to a few weeks. There are different types of buyers the wholesaler can work with, a common buyer being a rental property investor.”
Edgeworth Lending values our relationships with wholesalers and we are happy to provide this free space for announcing current wholesale deals to our investor clients and associates.
Wholesale Deals – –
Advertisement of property under contract
Price Reduction from 155,00 to 145,000
Address: 600 Maury Street
• Beds: 2
• Baths: 1
• Square Footage 681 (based on city records)
• Main Issues Noted During Our Inspection:
Use: This property could be quickly flipped as a rehab in downtown Fredericksburg. GREAT, GREAT location highly sought after. Opportunity to add additional sq footage with a unique 3rdfloor loft. Unfinished basement can also be converted into a bedroom or home office space. There is an unusual potential here where an investor can literally double the property’s sq footage without a costly addition. In this area, that can be a real game changer. This property sits on a corner lot, with space to add a driveway. The Rappahannock Regional Trail is within a 50-yard sightline of the backyard.
BONUS: The property has recently had a new HVAC unit installed. The floors are original hardwood & can be kept & restored. House has many historic characteristics & provide a great selling point to retail buyers. House is cleaned and ready for you to start your rehab yesterday! Time is money, people, and we just saved you a bunch of time to have this Flip done and on the market before Christmas.
• Title Status (as reported by our title company): Clear and marketable
• Purchase Price: $145,000
Wholesaler: Greg Norman 866-746-5289
1731 Otis Pl NE, Washington, DC 20018
Priced for only $459,900
Homes in the same neighborhood are
selling for $725,000 renovated.
That’s a $265,000+ “spread”!
More info at (and to see the home Tuesday):
(you may need to copy/paste link into your web browser)
Edgeworth Lending does not give legal, tax, economic, or investment advice. Edgeworth Lending disclaims all liability for the action or inaction taken or not taken as a result of communications from or to its members, officers, directors, employees and contractors. Each person should consult their own counsel, accountant and other advisors as to legal, tax, economic, investment, and related matters concerning Real Estate and other investments.
Each wholesaler property posted above is independently owned and Edgeworth Lending is not responsible for the properties or the information listed here.