Mitchell Abbott Victory

 

Mitchell Abbott Victory

Abbott Investments, Inc. in Riverdale, Michigan
Mitchell Abbott with none

Type(s) of Victory: Reached a business goal, Got my first deal under contract, Closed on my first deal, It was just awesome


Well I won a bid on my first house house . Its a 3 bedroom 1 1/2 bath home in Michigan. I looked at it and it doesn't need much work . All it really needs is a furnace and work done to the bathrooms roughly about $15,000 in repairs and some paint and love . They wanted $24,000 they dropped it to $19,900 . I offered them $10,000 they countered with $18,900 , I came back with $12,000, they countered with $17,500, I came back with $13,500 and they accepted . I got it on a 7 year land contract with $2,000 down at 7% interest . The ARV is about $60,000 its about a $30,000 profit that's more than I make in a year at my full time job. It was a long hard road but I finally did it and don't plan to stop. Rob McIntosh I couldn't of done it without your coaching, you are the man. Can not thank the Fortune Builders team enough . p.s. I did this living paycheck to paycheck .


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