Huy Tran Wholesale Deal

 

Huy Tran Wholesale Deal

Six Marks Group, LLC in Leesburg, VA
Huy Tran with Annabelle Tran

I received an email from a wholesaler on a property in DC. After running some back of the napkin numbers, I realized I had a really good deal. I put down a non-refundable deposit and signed the assignment contract. However, instead of buying the property and rehabbing it ourselves, we ended up re-assigning our contract to another investor (double assignment). What made this deal unique was: 1.) the fact that the deal had enough margin to absorb two assignment fees on the front end and 2.) the fact that we assigned the contract a second time instead of doing a double close. This transaction required a lot of coordination with the seller, 1st wholesaler, the title company, us, and the end buyer (another investor). However, at the closing table, it was a win! win! win! win! win! win! for all and everyone walked away happy!

Wholesale Details

Property City: Washington
Property State: DC
Purchase Price: $540,000
Sale Price: $570,000

* 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?

Ammon Brimhall was our coach at the time this deal occurred. Ammon was helpful in giving us the advice to double check a few things we had not thought about. Ammon was especially helpful in walking us through scenarios and role-playing with us. He gave us some examples of things to say, but most importantly he helped position us in the transaction to come out ahead.