The 4-year Follow up That Earned Us $93,575...

The 4-year Follow up That Earned Us $93,575...

Real Estate Coach · Derry, NH · Member since 2016 · 283 posts · 217 votes

In early 2020, we received a lead that quickly turned into one of the craziest situations we've ever encountered. A husband and wife were caught in a volatile situation—he ended up in jail, then came back out, and their home became a battleground of chaos. But we saw potential in the deal and kept this lead in our follow-up database for nearly FOUR YEARS.

Fast forward to December 2023, the wife, now with a restraining order in place and court approval to sell, decided to let go of the house she could no longer afford. She sold it to us at a significant discount due to years of deferred maintenance—broken doors, heaps of junk, and more. Here’s where it gets wild: right before the holidays, we not only closed on the house but also helped her move into an extended stay hotel. We fronted the money for her stay, which she later repaid at closing.

Our team sprang into action immediately. We cleared out mountains of clutter, pressure washed the exterior, and tackled endless repairs. We replaced floors, repainted every inch of the interior, and fixed everything that needed attention. Our total investment? Around $45,000 in repairs.

By late January to early February, we had the property back on the market. The response was overwhelming—within 48 hours, we received a cash offer well over asking price with no inspection and no contingencies. We closed the deal within 60 to 75 days, walking away with just under $100,000 in net profit after all expenses. This wild ride underscores the power of relentless follow-up and the hidden gold in every lead. It took almost four years and navigating through a rollercoaster of events, but the payoff was massive.

There’s more money sitting in your database than you realize.

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  • Michael K GallagherBusiness Member
    Real Estate Agent · Columbus OH · Member since 2018 · 1k+ posts · 1k+ votes
    2y

    fantastic way to look at things, I always talk about how small the real estate world really is, and this is another great example.

  • Real Estate Coach · Derry, NH · Member since 2016 · 283 posts · 217 votes
    2y

    Thanks for your comment @Michael K Gallagher

    We all have leads like this in our database and they are usually lost by not having a good follow up system. I wanted to share that some of the best deals take a long time to come to fruition. 





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