Rubi Tinoco Wholesale Deal

 

Rubi Tinoco Wholesale Deal

Megafox Properties LLC in North Charleston, SC

This deal came from one of my bandit signs! I received the call, and I went to see the property two days after (it was a rental property) I called the seller after and gave him my offer. The seller got back to me the next day and accepted my offer of 100K. I never met the seller but I was able to build trust with him. I wholesaled it to another FortuneBuilder’s student as a rental property for a 9K assignment fee. I paid up to 1K for the seller closing fees leaving me with a profit of a little over 8K!!! The seller is 90 years old and had this rental property for over 18 years, he was ready to sale. I was thinking about my first year of being in Fortune Builders and thought about the things I accomplished in 2018: I started my bandit signs, direct mail, and door hangers. In return; Bandit signs: 4 Deals Direct mail: 1 Deal JV: 2 deals Door hanger: 1 Deal MLS: 2 deals I did 3 rehabs and sold 2!! The third one is under contract scheduled to close on the 19th of February. Wholesale 8 deals! We’re currently working on our first rehab of the year, and it’s scheduled to hit the market next week :). Our 1st year was amazing! I was able to walk away with 5 private money lenders!! woo-hoo! Currently, we have 3 houses under contract and I’m working on my marketing!!! 2019 here we go!!!!!

Wholesale Details

Property City: Goose Creek
Property State: SC
Purchase Price: $100,000
Repair Costs $1,000
Sale Price: $109,000

* 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?

The system works!! I\\\\\\\'m so glad I found you guys! My coach definitely plays a BIG role in my business, I\\\\\\\'ve learned so much from her. She CRUSHES IT! every time we talk! She makes me feel like a Rock Star!! Thank you So much, Jamie Saunders. The FortuneBuilders family is awesome!! I can\\\\\\\'t wait to attend the Denver Bootcamp and keep learning!