FREE ONLINE CLASS
Learn How To Start Investing In Real Estate
FREE ONLINE CLASS
Learn How To Start Investing In Real Estate
Register Now
Close
wholesale DEAL

Rayon Evans

TK Estates in Warner Robins, GA
Rayon Evans with Shakeena Evans

My agent found this rural property through a client that was looking to sell quickly. I bought the deal with my own money. I had plans to renovate the property and had a buyer lined up. However, my agent knew a couple that had a small budget for a home and our subject property fit exactly what they were looking for. They made me an offer that I couldn't refuse so I sold the property 10 days after initially buying it. The only repairs that I made were on the well pump, the labor which was only $252.

Wholesale Details

Property City:
Fort Valley
Property State:
GA
Purchase Price:
$17,500
Repair Costs:
$252
Holding Costs:
$1,082
Sale Price:
$40,000
* 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?

I followed the system in buying it and I had a scope in work in place as well as a contractor in place to start the work. However, I changed my exit strategy from rehab to wholesale after I ran my numbers if I were to sell it outright through the deal analyzer and the profit and ROI made too much sense to pass up.