Mat Eddy Wholesale Deal

 

Mat Eddy Wholesale Deal

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
Purchase Price: $330,000
Repair Costs $170,000
Sale Price: $335,000

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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