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wholesale DEAL

Mat Eddy

Hemlock Property Solutions LLC in Lynn, MA

On 2/4/20 my good friend told me about a 2 family he didn't want to purchase that was an off market deal, it needed $170,000 in repairs, 4 month project, ARV around $630,000 I had my HML ready to invest and called 30 plus contacts for PML and 2 of them were on board and then backed out after a few weeks, I wanted to be transparent with the seller and I told her I had another buyer for the $320,000 and she told me she was selling only to me for that price because of the rapport I gained with her, I talked to my Realtor and asked him to offer $330,000 and throw me $5000,00 I connected them, he offered, she accepted and I collected $5000,00 on 6/1/20 I've gained momentum

Wholesale Details

Property City:
Lynn
Property State:
MA
Purchase Price:
$330,000
Repair Costs:
$170,000
Sale Price:
$335,000
* 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?

My new friends I met at the Full Immersion and the FortuneBuilders REI meetups that I go to faithfully and (virtually now) kept me motivated and focused to keep going, and a special thanks to Alex and Kathy Schuck for making our meetups motivational and knowledgeable, Thank you Fortune Builders