Archive for 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…

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