Lance White Wholesale Deal

 

Lance White Wholesale Deal

Turris Group LLC in Lincoln, NE
Lance White with Shane Taylor

This was a probate deal where the seller needed to sell the property in order to raise the money to put his mother in an assisted living facility. We bought it with a hard money loan and JV partnership. We then sold it to one of our clients who needed to do a 1031 exchange. The property was filled with the seller\'s items which the seller no longer wanted. We utilized our network to remove all of the unwanted items which were sold or donated. We were able to give the seller $2000 more than they wanted for the property and sell it to our client leaving them with over $20,000 in equity. We paid back the hard money loan and split the profit with our JV partner.

Wholesale Details

Property City: Lincoln
Property State: NE
Purchase Price: $62,000
Repair Costs $9,615
Sale Price: $95,135

* 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?

We used the knowledge we acquired from the education we received from Fortune Builders to complete the deal.