Corey Griffin Wholesale Deal

 

Corey Griffin Wholesale Deal

Savannah Home Solutions in San Francisco, CA
Corey Griffin with Kathleen Massey, Monica Reynoso

Another Wholesale in Savannah GA Found this one from a Direct Mail Campaign Absentee Owners Tired Landlord had a few Vacant Houses and put a 30 day Inspection Contingency on the property Picked it up on Halloween 10/31 and Assigned the Agreement 11/3 Closed on Property 11/13 (14 Day Close)

Wholesale Details

Property City: Savannah
Property State: GA
Purchase Price: $43,000
Sale Price: $47,000

* 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 you find and structure the financing of this deal?

This was a Wholesale Deal We put $200 Deposit down and purchased signs for $60 to start marketing the property


Provide a summary of the repairs and improvements you made to the property.

No Repairs were done to the property we Sold As-Is all Cash


How did you find a buyer for the property if you sold it?

We were looking at another investment opportunity in the same neighborhood and a guy came from across the street and asked did we buy that property. We told him know we were inspecting it and we might not purchase this one but we will have others in our pipeline. This was a month or two before locking these up. He said he saved up some cash and was looking for a house to fix up When we locked this one I called him and multiple buyers we had Followed the systems Than and FB has put in place for Wholesaling Created a sense of urgency for the buyers and he offered us the price we were looking for and was happy with the process. Win-Win-Win


What are some of the major lessons learned that you would like to share with other students that they can learn from?

Always be upfront and clear to the Buyers Who is paying closing cost and how the transaction will work out Don't rely on your Escrow or Title company to relay messages and information so you don't create a bad taste in their mouth


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