I
closed on 2 felt about his dad. He wasn’t Everywhere you looked there
wholesale shy about saying he couldn’t was just stuff. It was definitely
deals a stand his dad and he was several truckloads of
while back, only interested in the money. miscellaneous items that
needed to be removed.
and I
thought
they would
His Dad Was a
Collector of “Stuff”
make a
good case
The Seller Had a
Plan at One Time
One of the properties had
study today. You put deals been a rental property, and it This seller who was the sole
together based on what you had been cleaned out. heir, had a plan to rehab the
hope will happen. However, However, there were a lot of house for a brief second.
smart investors always have personal items in the other Without any knowledge of
written contingencies for the house at the time I put it what he was doing, he
things that “could happen”. under contract. Most of those decided the wiring needed to
items would be classified as be upgraded. He went
These 2 wholesale deals “junk”. I wouldn’t call him a throughout the unfinished
were quick closings. They hoarder as much as a walkout basement and cut all
were 12 days start to finish. collector or random items. of the wiring at the junction
boxes. He also cut the wires
Both houses were
purchased from the same
Some of the things were:
everyone scratching their
motivated seller as part of
an estate. The man was
• Parking meters (I’m not
• A stop sign along with other
types of signs
this point, I was thinking this
deal was going to be pretty
head.
sure where he got those)
unemployed so he was
thrilled to close so quickly. At
at the panel box which left
• A furnace that had been
He also told me he planned to
move the kitchen to the
basement. I know. What was
he thinking?
painless. replaced but was never removed from the I might add that his dad had basement It was right after cutting the
Leftover building materials wiring in the house he
Metal poles decided these should be
Furniture wholesale deals instead of
And boxes and boxes of rehabbing the houses himself.
junk. A lot of odd junk. He wanted to sell the
passed away, and he
opened the estate the next
day after he died. Before
planning the funeral. That
pretty much sums up how he
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Case Study – The Tale of 2 Wholesale Deals