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wholesale DEAL

Matt Simonton

J&M Legacy Properties in Monroe, LA
Matt Simonton with Jennifer Simonton

This was our first deal. We found it on Facebook. The property was previously purchased in a foreclosure sale, but the seller moved away before making repairs and just wanted it gone. We developed a scope of work and planned to begin repairs, but life got too busy to properly manage a significant rehab project 45 miles away, so we decided to wholesale.

Wholesale Details

Property City:
Farmerville
Property State:
LA
Purchase Price:
$31,205
Sale Price:
$47,500
* 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?

Coaching and deal review was very beneficial during this time. The systems that we implemented portrayed a sense of professionalism and competence, though we had never done this before.