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What Should I Sell This For??? Can I Get a Pro Answer?

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Deshone Drummond

Real Estate Investor from West Orange, New Jersey

Jan 21 '13, 03:06 PM


Lol Steve thank you my friend.



Will Barnard Moderator Donor

Real Estate Investor from Santa Clarita, California

Jan 21 '13, 03:21 PM


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.



Medium_be_logoWill Barnard, Barnard Enterprises, Inc.
E-Mail: [email protected]
Website: http://www.barnardenterprises.com
http://www.InvestorExperts.com


Deshone Drummond

Real Estate Investor from West Orange, New Jersey

Jan 21 '13, 03:32 PM


Thanks a lot Will. Its definitely a blessing. Great way to start the year.



Deshone Drummond

Real Estate Investor from West Orange, New Jersey

Feb 08 '13, 03:42 PM


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.



Jenkins Ramon Donor

Real Estate Investor from Milwaukee County, Wisconsin

Feb 08 '13, 03:49 PM


I'm very serious when I say - I'm happy for you -

Congrats



Deshone Drummond

Real Estate Investor from West Orange, New Jersey

Feb 08 '13, 04:10 PM


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.



Michael Galloway

Real Estate Investor from Brentwood, California

Feb 08 '13, 04:14 PM


@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



Steve Babiak

Real Estate Investor from Audubon, Pennsylvania

Feb 08 '13, 04:24 PM


You should get a "donor" badge here on BP (HINT) ...



Steve Babiak, Redeeming Properties, LLC
Telephone: 6109082183
...


Deshone Drummond

Real Estate Investor from West Orange, New Jersey

Feb 08 '13, 04:27 PM


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.



Deshone Drummond

Real Estate Investor from West Orange, New Jersey

Feb 08 '13, 04:37 PM


Hey Steve, wish I knew what that was.



Keith Lutz

Real Estate Investor from Hackettstown, New Jersey

Feb 08 '13, 05:20 PM


@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?

Edited Feb 8 2013, 17:50


Deshone Drummond

Real Estate Investor from West Orange, New Jersey

Feb 08 '13, 07:32 PM
1 vote


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.



Keith Lutz

Real Estate Investor from Hackettstown, New Jersey

Feb 08 '13, 09:49 PM


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?



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