John Paul Kilduff II Wholesale Deal

 

John Paul Kilduff II Wholesale Deal

Anchored Homes in Cape May, NJ

This was a property that my realtor found for me based on my buying criteria. I told him if he could show me a market with less than 30 days than I'd put in an offer. Although this was out of my normal price range the deal was so fat that I couldn't pass it up.

Wholesale Details

Property City: Evesham
Property State: NJ
Purchase Price: $340,000
Sale Price: $355,000

* 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 a buyer for the property if you sold it?

Once I put the property under contract I sent it out to all my investors to see if anybody would interested to buy or lend on this deal. There were several other mastery students that wanted the opportunity so I wholesaled it to Ray of Silver Linings Properties!


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

This deal was very complicated because we choose to wholesale it buy adding an additional buyer to the contract with the intention of doing a quit claim deed at the table to buy my company off the title. Because we were both listed as buyers and only the additional buyer was receiving financing the seller had issues the day of closing. The solution was to do an addendum taking my company off the contract (that was easy). The additional buyers lender was having issues with fully executed contracts and addendums (seller side) and refused to fund the deal at the closing table. It took an additional week to get all the contracts straightened out and close but we closed!


Shout Outs & Testimonials

This property was the first time that went live on facebook with my realtor and I received a huge rush of calls and emails wanting to know about my system that I have with my realtor and how I found such an awesome deal. I also received a couple calls wanting to know more about the property which resulted in increasing my buyers list. Big shout out to the Mind Protein Team for pushing the envelope in the online marketing world!