Tim Thompson Wholesale Deal

 

Tim Thompson Wholesale Deal

Managed Property Enterprises LL in Westpoint, VA
Tim Thompson with N/A sole owner

4 acre home listed for 150k, I put under contract for 107k, and found a buyer and ratified got a ratified contract in 2 days for 2 acres. I split the parcel and sold the other two acres for 41k, Net 37k. we did a double closing about 3 weeks later. Side note: I owner financed that deal with 20% down from the buyer and a guaranteed 6/m payment of 691.00/m interest only, up to one yr. I also sold 7 large 40 ft shipping containers off the lot for 1,600.00 each, and I got a free 1998 F150 p/u out of the deal. So my total net profit is actually something like $ 96,000.00.

Wholesale Details


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Case Study

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

The training that was provided that taught me to think big, and to maximize my efforts with exit strategies. This is one of many WINS that I have experienced in the past 7 yrs. This just happened to be a recent one in the last 30 days. I feel guilty for not doing this earlier in my investment career with FB. I recall how helpful it was for me to here the testimonies from others when I started. I'd love to share the many other WINS in the near future. I want to remind you this is during Covid19. Covid19 has increased my profits by approximately 120%. Thanks to all of the many instructors, teachers, mentors, and support team members for all you have done. I just happen to be one of those individuals that once you show me the path, I'm GOOD! Whenever you( FB) are in Henrico/Richmond VA I'd be willing to spend time to encourage others in the local area to hop on board.