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wholesale DEAL

Ron David Williams

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
* 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 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.