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Home » Resources » Millionaire in the Making – Eric Sandhaus

Millionaire in the Making – Eric Sandhaus

Eric’s goal is to make $1,000,000 this year to win a bet (with Ron).. and he is going to do it!! By the way.. this is his new car below!

Check out the strategy he used to net $99,087!
HUD Purchase: 100,821
ARV: 200,000
Private money loan @10% 130,000
Repairs: 10,000
Sell on L/O 199,000
O/Fee: 25,000
Monthly spread 417

The Profit

Cash at buying: 29,179
Option Fee: 25,000
Cash at selling: 44,900
Monthly profit: 417 x 24 10,008
Less repairs: 10,000
Total Profit 99,087

Congratulations to Eric!

Eric Sandhaus car

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2 Responses to Millionaire in the Making – Eric Sandhaus

  1. Meg Milligan says:

    Sorry Ron but Eric is winning your bet! Definitely looking forward to the celebration!

  2. Amy Ellis says:

    Great job Eric! Keep it up! I’m looking forward to seeing you get that check from Ron!

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