Billy Calloway

New Level Home Solutions LLC in Los Angeles, CA

Billy Calloway with Karina Calloway

I found this deal on the MLS. I used the FB Deal Analyzer and saw that there was a potential ROI of over 15% and a net profit of $60K+. rnThe listing agent also represented us as and she was able to get a double commission. We submitted an offer and our counter was accepted. After doing our due diligence, I noticed that my repair estimate was too low and now the deal was in jeopardy of falling into being a bad deal. rnI reached out to my buyer's list to see if we could get a JV partner and got no takers. However, one buyer said he would purchase the agreement from us as a wholesale deal whom also happened to be a FortuneBuilders alum. He was a more experienced investor with over 20 properties under his belt, he got a much better financing deal with the lender that he uses so the deal made sense again. We made a $10k profit and still closed under the initial terms we had set forth when we got the property under contract ourselves.rn