Posted on: June 11, 2018

Today’s guest has been involved with real estate for a few years already, doing fix and flips, building up his rental portfolio, and doing wholesaling. While he was able to find deals back then, he was oftentimes uncertain how to find the next one.

Fortunately, when he joined the tribe in December of 2017, he got access to a system he can use and was able to finally tap into expert guidance. His investment paid off big time as the ROI he got has been truly massive—a little over $60, 000!

Regardless if you’re still finding your first deal or your nth one, you’ll surely get a lot of wisdom and insights from this episode so make sure you don’t miss it!

The Deal:

  • After buying a new list (high equity owner occupied and absentee owners), he sent out a thousand postcards each week over a 6-week period.
  • On the 3rd week, he got a call from a motivated seller who owned a distressed property.
  • After talking over the phone, he set up an appointment and visited the property. While there were instances when he didn’t know what to do, he made sure he was upfront with the seller and he decided to take massive imperfect actions anyway.
  • After purchasing the property for $80, 000, he had it listed for $150, 000. He got more than he bargained for as the highest offer he got was $161, 400.
  • After all was said and done, he walked away with a little over $60, 000 in profit. Definitely a huge compensation for a transaction he only spend 15 to 20 hours on!

RESOURCES:

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