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wholesale DEAL

Danny Hoskins

SIXfold Property Solutions, LLC in Indianapolis, IN
Danny Hoskins with Alicia Hoskins

A co-worker shared that they were in a domestic violence situation and needed a way out. They were able to purchase another property, however were unable to maintain both payments and needed assistance in selling their current home quickly. They were familiar with SIXfold Property Solutions and felt comfortable sharing their story and immediate need to sell. Ideally we would have loved to make a higher profit, however these types of distressed situations are true examples of why we joined this industry. We believe that it's a blessing to be a blessing, and our primary goal for this transaction was to help bring safety and stability to this client. rnWe responded quickly to prepare an offer and put the property under contract. During the contingency period, we completed our due diligence, including obtaining an Inspection Report. This Inspection Report resulted in SIXfold renegotiating to a lower offer, due to damages that were not discovered prior to the initial offer. The Seller agreed and we later completed the wholesale with an investor that we met at a local REIA meeting. The Seller was pleased and able to successfully transition into a healthier and safer environment.

Wholesale Details

Property City:
Indianapolis
Property State:
IN
Purchase Price:
$28,000
Sale Price:
$29,500
* 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?

We definitely utilized several materials from the FortuneBuilders site. The Seller Lead Sheet, Repair Estimator & Deal Analyzer, Purchase and Sale Agreement, Assignment of Purchase & Sale Agreement and much more were extremely useful in the success of this deal. While this was our first deal, it felt amazing to know that we had tools and resources available every step of the way!