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wholesale DEAL

Frederick Gennaro

DoGood Investments LLC in Newton, NC
Frederick Gennaro with Erin Gennaro

The lead for this home came via bandit sign. Erin, my wife met with the seller and put it under contract for $15,00 before I even saw it. rnThe home was a wreak. It was covered with garbage, and cat feces throughout. The ceiling collapsed due to a years-old hole and the smell of the house was unbearable. rnThe house was so bad that we were told it needed to be burned down! After speaking with a clean-up specialist he concurred that this was the 2nd worst house he’d ever seen. rnWe originally decided to rehab the property but then decided to wholesale the property instead. Our first wholesale was under contract within 24 hours from a buyer. rn

Wholesale Details

Property City:
Maiden
Property State:
NC
Purchase Price:
$15,000
Sale Price:
$24,000
* 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 the FortuneBuilders team and resources help you to accomplish this deal?

I never would have heard of wholesaling if it weren't for FortuneBuilders.