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wholesale DEAL

Pino Tenerelli

Affordable Pro Homes & Investments, LLC in Palmdale, CA
Pino Tenerelli with Patsy Tenerelli

An agent that we have worked with in the past in California had a family friend that was in a stressful situation after inheriting a home from her parents. The seller and her sister had inherited a "not so good" tenant with the property. The tenant had not kept up with the property and it was in very bad shape. They just wanted "to get rid of it." We had never done any deals out of state, this was our first. We had every intention of flipping it or keeping it as a rental, but the numbers did not make sense. We decided to wholesale.

Wholesale Details

Property City:
Ardmore
Property State:
OK
Purchase Price:
$16,000
Repair Costs:
$1,275
Holding Costs:
$2,775
Sale Price:
$41,050
* 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?

It was super helpful to have different exit strategies. The profit would have been only $2000 if we had flipped it. Wholesaling it was definitely a better exit strategy. We also used our FortuneBuildersMastery Community to help find a team in Oklahoma.