David Nnadi Wholesale Deal

 

David Nnadi Wholesale Deal

Lasting Legacy Homes in Charlotte, NC
David Nnadi with Stella Nnadi

Bad rehab experience with contractor flipped into 2 wholesaling wins! Our first ever rehabs were going to be 2 next door bungalows that needed a lot of work. We were in a bind ultimately because we let the FB systems bend a little bit with how we managed our contractor. When our coaches tirelessly repeat follow the systems, they don\'t mean 99%, but 100%! Luckily for us, we started out with the best team in real estate, Fortune Builders, and followed the contract systems and were taught to always plan multiple EXIT STRATEGIES! What should have been a disastrous ending for our 2 simultaneous rehabs became our first wholesale deals and the experience gained from it is PRICELESS.

Wholesale Details

Property City: Charlotte
Property State: NC
Purchase Price: $385,000
Repair Costs $121,500
Sale Price: $635,000

* 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?

Contract systems were the single biggest reason we\'re going to be successful in this first deal. Also, even though we didn\'t fully understand the concept of planning out multiple exit strategies for every deal, being in the training made us aware and comfortable to move to the next exit strategy when the first one looked like it wasn\'t going to end well.