Randall Pike Commercial Deal

 

Randall Pike Commercial Deal

Pike Homes, LLC in Emerado, ND

I negotiated the cash purchase of a property I planned to develop into potential 4BR duplexes. As the negotiations progressed the owner decided to throw in several other properties that had the potential to be developed for rental or resale. The properties were a hoarder paradise, however, during my evaluation, I saw that there were substantial steel, copper, and other metals that could be recycled for cash. The property was also located next to a business that would need one of the parcels if they wanted to expand. After scrapping out the materials on the property and regaining the cost of the properties I sold one parcel of land to the commercial business next door.

Commercial Details

Property City: Emerado
Purchase Price: $10,000
Holding Costs: $350
Sale Price: $15,000

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Case Study

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

The FortuneBuilders Mastery program gave me the confidence to move forward and make cash deals through a local title company without dealing with a real estate agent or their companies. This saved time and money and increased my confidence further toward making deals.