Joseph Nunez Wholesale Deal

 

Joseph Nunez Wholesale Deal

EB Home Solutions LLC in Blue Springs, MO
Joseph Nunez with Mwiny Moma Elias Nunez

The seller of this property had put a poorly made advertisement on craigslist with pretty much no info, one of our business partners decided it was worth a call. It ended up being a completely gutted home in a very up and coming neighborhood. We had one of our realtor team members get us some comps and realized it was a great deal! WE quickly made an appointment and after a bit of negotiating we had the property under contract for 42,000. Next step was to decide if we should wholesale or rehab the property. Given that it was our first deal we decided to wholesale it. We sent the deal to some of our buyers from our master contact list but no one was biting. Lastly, we put the property on craigslist where we found it and before you know it, loads of investors are jamming up my phone! It was a great hit and we closed that deal with a cash buyer for a hefty profit!

Wholesale Details

Property City: Kansas City
Property State: MO
Purchase Price: $42,000
Sale Price: $57,000
Gross Profit: $14,000*

* These examples depicting income or earnings are NOT to be interpreted as common, typical, expected, or normal for an average student. Although we have numerous documented successful deals from our coaching students, we cannot track all of our students’ results, and therefore cannot provide a typical result. You should assume that the average person makes little to no money or could lose money as there is work and risk associated with investing in real estate. The students depicted have participated in advanced FortuneBuilders’ training and coaching. The participants shown are not paid for their stories; however, some of the students depicted may also be a FortuneBuilders' coach, and our coaches are compensated for their services. We believe in full transparency, so please read our Earnings and Income Disclaimers and Terms of Use.



Case Study

How did you find and structure the financing of this deal?

We did a double close.


Provide a summary of the repairs and improvements you made to the property.

No repairs


How did you find a buyer for the property if you sold it?

Craigslist


What are some of the major lessons learned that you would like to share with other students that they can learn from?

Call up the ads on craigslist with no pictures or no info, it could lead to a very profitable deal!


Shout Outs & Testimonials

We want to thank Ammon Brimhall for his support and guidance through this process.