Ron Nichols Victory

 

Ron Nichols Victory

Liahona Investment Properties, LLC in Canandaigua, NY
Ron Nichols with Trish and Sarah

Type(s) of Victory: Made my first offer


Just four months into the business and we put in our first offer on a foreclosure. The lead came from one of the realtors on our team and it had been dropping in price over the past three months. When it dropped in price by $10,000 earlier this week, I used the Comp Evaluator tool, pulled comps using FlipComp.com, and compared this subject property to four others in a one-mile radius that had sold in the past 6 months - just as we are trained. By doing our due diligence, we determined that one of the comps was a good match, and that our finished property would be worth a little bit more when sold. We also had a great coach, Mary A., who gave us encouragement that this property was a good deal with a potential profit of $46,000 and an ROI of 28%. Thanks Fortune Builders!



* 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.