Lol Steve thank you my friend.
People to Know
From the BiggerPockets Blog
-
Tracking the Big Dogs: The Hedge Fund Invasion of Atlanta
-
Understanding the Expenses and Tax Implications in an EIUL
-
Step By Step Process to Buying a Mobile Home Park!
Forums »
Real Estate Deal Analysis and Advice »
What Should I Sell This For??? Can I Get a Pro Answer?
What Should I Sell This For??? Can I Get a Pro Answer?
94 posts by 21 users
Wow, congrats is in order. $125k wholesale profit (less a few fees I'm sure) is about the best I have ever heard of on a locked deal of only $100k. Talk about some serious mark-up profit.
Again, congrats.
Will Barnard, Barnard Enterprises, Inc.
E-Mail: info@barnardenterprises.com
Website: http://www.barnardenterprises.com
http://www.InvestorExperts.com
- 123 posts
- 1 award
Thank God we closed today. Net profit is $118,640. It's funny, we actually put the house directly next door under contract today. We were able to stop a foreclosure situation and get her some of her equity, when i was buying this one i noticed the totally unkept house next door. Pursued it and ended up getting it. It's amazing how God works these things. So this ones done. Thanks again for everyone's input. God bless.
I'm very serious when I say - I'm happy for you -
Congrats
Wow, nice work @Deshone Drummond! I hope my first deal brings 10% of yours. Congrats!
- 123 posts
- 1 award
Thanks so much Jenkins I appreciate it. Brandon thanks a lot. This is definitely an outlier but if you expect big you'll get big. You guys already know how I believe I got this deal so I do believe in supernatural things, I believe in amazing grace, but this just proves deals like this exist in today's market. Be encouraged and have faith, all hard work brings a profit.
@Deshone Drummond Congratulations!!!!! That is Awesome!!!
That's what i love about this business, any day you could come up BIG!
Again Congrats!
Michael Galloway
E-Mail: ceo@foreclosedpros.com
Website: http://www.foreclosedpros.com
ceo@foreclosedpros.com
- 123 posts
- 1 award
Michael thank you my friend. That's one of the things I love most also!! The singles are good, the doubles are great, the triples are outstanding but there's no feeling like a home run. I guess the combination of all of these add up to a great career.
- 169 posts
- 2 awards
@Deshone Drummond, it's funny you mentioned and acted on that home next door, the re-habber noticed that "slum" next door and thought it detracted from the hood. Glad you acted on that, just taught me a lesson! We have to get together with some of the New Jersey BP'ers at a diner. Congrats!
Updated: 05:50PM, 02/08/2013
BTW, are flipping to the same builder on that one? Can I get my re-habber too look at that one?
- 123 posts
- 1 award
Hey Keith, yeah everyone who looked at it couldn't help but notice that house next door. Yes the builder and I are working together on the deal. It's worth more to him for obvious reasons and we agreed from the start not to bid against each other. We're acting as partners with me doing all the talking with the sellers since I had a rapport already built from the first time I introduced myself to them, told them I bought the house next door and asked of they'd be interested in a cash offer. That woman took my card that day and as she says put it right in her bible. The rest is history. They're going to need about 45 days to move out and we're giving them some upfront moving money.
- 169 posts
- 2 awards
Things are moving now! I just saw your pretty mug, giving props to Sean Terry on the first $17,500 you made... http://flip2freedomnow.com/ You going to his Atlanta show?
About BiggerPockets |
Press |
Advertising |
Stats |
Contact Us |
Help
| Upgrade to PRO
Terms of Use |
Privacy Policy
BiggerPockets ® is a registered trademark of BiggerPockets, Inc.
Copyright © 2004-2013 BiggerPockets Inc. All Rights Reserved.
Follow us:
