Archives February 2015

• Profit Strategy: Wholesale
• Number of Units: 1, single family home
• Amount Earned: $500
• Personal Money Invested: $0
• Prior Experience: None

• Profit Strategy: Buy and hold. The owner was motivated because he had too many properties to manage.
• Number of Units: Mixed use retail space with multifamily and commercial units.
• Amount Earned: $125,000 free equity.
• Personal Money Invested: For the down payment and settlement costs, he used a small family loan and some personal capital from his prior real estate business.
• Prior Experience:

• Profit Strategy: Owner-financed, carrying back $400,000 on the deal.  Michael is using forced appreciation.
• Number of Units: 24 + duplex + single family home
• Personal Money Invested: $0

• Profit Strategy: Got the deal on contract and closed in roughly 4 weeks.  He found his buyer through direct mail marketing.
• Number of Units: 2
• Amount Earned: $11,000
• Personal Money Invested: $0
• Prior Experience: 8 years experience wholesaling houses.

• Profit Strategy: Out of state seller in Chicago wanted to sell due to bad management.  He agreed to 91% owner-financing.  The remaining 9% was covered by private investors.
• Number of Units: 27
• Amount Earned: $2,000 monthly cash flow.
• Personal Money Invested: $0
• Prior Experience: Single family houses.

• Profit Strategy: Jumped in before a pre-foreclosure scenario turned into a foreclosure.
• Number of Units: 6 (2 triplexes)
• Amount Earned: $24,000
• Personal Money Invested: $0
• Prior Experience: 30 years real estate broker experience