Archives October 2011

Jon Perry 1

Jon was mid-deal with the plan to rehab & flip when his wife, Karen, lost her job of 11 years. Together, they attended Lance’s boot camp to gain the knowledge, skillset, and most importantly – right mindset – to get this deal done. After attending, they modified their strategy to wholesale to a developer and made $50k!

  • Profit Strategy: Wholesaled to a developer with a wrap-around mortgage
  • Number of Units: 42
  • Amount Earned: $50k
  • Personal Money Invested: $10k
  • Prior Experience: Jon had been actively involved in real estate for 10 years using buy & hold strategy

Kenneth Hogan

Kenneth learned apartment entrepreneurship via Lance’s home study system. He found and closed this deal in 5 months from opening the home study course, and purchased it using 100% seller financing. After closing, Kenneth had 3 other deals!

  • Profit Strategy: Buy & hold
  • Number of Units: 5
  • Personal Money Invested: $0
  • Prior Experience: Brokered 2 houses as a realtor

Dan & Dylan Badinghaus

Dan and his 18-year old son, Dylan, flipped and closed their first deal for $69k in 9 business days!

“If an 18 year-old kid can do this, anyone can do it.” -Dylan Badinghaus

  • Profit Strategy: Wholesale
  • Number of Units: 36
  • Personal Money Invested: $69k
  • Amount of Money Earned: $0
  • Prior Experience: None

Peter Arianas

Quick Facts:

  • Profit Strategy: Wholesale
  • Number of Units: 66
  • Personal Money Invested: $100 on FedEx labels to mail documents
  • Amount of Money Earned: $60k
  • Prior Experience: No prior real estate experience, Peter is a window installer by trade.

Peter Arianas is a window installer and his first real estate deal was a 66-unit building in Ohio. He wanted to flip it and make a profit.

No credit check was involved since he wasn’t buying. Instead, he was flipping the property to another buyer. And how did he find that buyer? He promoted on Craiglist. He promoted on LinkedIn. He told everybody he knew, and eventually someone from Craiglist’s expressed interest.

He made $60,000 on his first real estate deal between cash made at the closing table and monthly income from the property. The investors only made $14,000, so he earned four times more than they did. Peter spent $100 on FedEx labels to mail documents back and forth to Ohio. When he was told he had to fly out to inspect the property, he even got one of the private moneylenders to front him the ticket by paying him back twice over out of his proceeds.

He didn’t graduate from any school. He just decided to start doing larger deals, which is all it takes.