Danny and Melissa, founders of LeadPropeller, were heading off to vacation in Hawaii this past summer. They had a property that needed lots of repairs that they didn’t have the time to bother with. “The house was really a piece of junk,” Danny tells, “I wanted to move it fast!”
There were several investors that Danny knew that had bought wholesale deals from them before. Their dispositions manager called them to see what they’d offer to buy the property as-is and close fast. Both investors informed the team that they’d be interested at a purchase price of just $40k.
“Damn!” Danny exclaimed, “I was hoping for more!” (more…)