Erica May

SoRo Property Solutions in Columbia, SC

Erica May with Christine Chen

I offered full asking price of 195,000 but after inspections came back with a new offer price of 155,000 and we ended up settling on 157,000. This 90 year old house was a house on the historic presentation list and I was able to get the house approved for a tax credit for the new buyers for the next 20 years. We rehabbed this house from top to bottom with new electrical, plumbing, bathrooms, kitchen and deck.

Rehab Details

Property City:

Columbia

Property State:

SC

* 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?

Getting the purchase price down almost 40k from the original asking price just goes to show that you should never be afraid to go back and renegotiate.