Profit Strategy: Wholesaled a property in FL from Canada
Number of Units: 12
Personal Money Invested: None
Amount Earned: $104,507.83
Prior Experience: His first wholesale deal and second multifamily deal; did first deal in Chicago 2 years prior.
Resident of Canada, Gilbert wholealed 12 units in Riverside, FL for $104,507.83 without ever meeting the buyer or seller! His purchase price was $345K, ask was $425K and got $450K ($25K above asking). He did do a drive by only because he was in FL but everything else was done virtually, over international lines. He sold at a cap rate of 10.5%.