Ron David Williams Wholesale Deal

 

Ron David Williams Wholesale Deal

Goldman Venture Properties in West Orange, NJ

I found this deal by handing out business cards while visiting my sons in their hometown of Linden, NJ. I funded the deal from my own funds. The deal was a double closing. I closed the deal in the morning and turned around and resold the deal to a buyer I found through advertising the property on Zillow. I received over 25 inquiries from the ad and it became a bidding war. I initially asked for $80K and had offers over $90K. I decided to accept the offer for $85K from a buyer who put down a nice Earnest Money Deposit of $5K and showed us funds in the bank over $100K. It was sold AS-IS.

Wholesale Details

Property City: Linden
Property State: NJ
Purchase Price: $65,000
Sale Price: $85,000

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Case Study

How did the FortuneBuilders team and resources help you to accomplish this deal?

The FortuneBuilders team informed me know to structure a double closing after realizing my wholesale fee would be $20K. They also mentioned I should get a nice initial down payment. Jeff Stemmerman was a big help in helping me structure this deal. Big Ups to Jeff for always being there with good answers.