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commercial DEAL

Randall Pike

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
Property State:
ND
Purchase Price:
$10,000
Holding Costs:
$350
Sale Price:
$15,000
* 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 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.