Bryan Martin Wholesale Deal

 

Bryan Martin Wholesale Deal

New Generation Properties LLC in La Canada, CA
Bryan Martin with Angela Martin

We originally put this property under contract for $1,180,000. I knew exactly who would want to redevelop this property, as the biggest Single Family Residential developer in La Canada built a home two doors up from this same property and sold it in 2016 for $2,350,000. The market has only drastically improved since 2016. So I pitched the property to the Ballard's and had them agree to purchase it from me for $1,250,000. I showed them all my contracts and paperwork that I had signed with the seller. They dragged their feet in signing some key documents, and the next thing we knew it the Sellers were ready to back out because they were scared we were not going to perform. So we had our identified buyers sign a new RPA to tighten up this deal, we had them increase the deposit to $15,000 (from $500), and we increased our purchase price to $1,200,000. This made all parties happy.

Wholesale Details

Property City: La Canada
Purchase Price: $1,200,000
Sale Price: $1,250,000

* 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?

David Fair gave me some good advice along the way.