The place needed major repairs and permits from the city but I knew that the property had the potential to make a lot of money
My wife and I got into the real estate business by accident. Someone in my family wanted to sell their home quickly and my wife and I had some cash from a recent stock sale. We use the money to buy the house so our family member could get a divorce and pay for a lawyer. We fixed up the house over a year and then we decided to sell the property. We made a windfall and that’s when we decided to buy another place. We looked for houses that wanted a cash offer. When people sell their home for cash, it can be very quick and convenient. You don’t have to wait for a bank to approve your loan and there is no need to fix any problems that are happening inside of the house. When we offer to buy your Jacksonville house, we take all of the risk. We looked for properties that wanted cash and we found an incomplete construction property that was down by the river. The construction property was for sale and they wanted a very low cash offer. The place needed major repairs and permits from the city but I knew that the property had the potential to make a lot of money. My wife and I purchased that property and sold it last year for $3 million. We only paid $200,000 for the property. It was easily one of the best cash for property transactions that we have made during our 10 years in the real estate buying and selling business.