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!
Sorry Ron but Eric is winning your bet! Definitely looking forward to the celebration!
Great job Eric! Keep it up! I’m looking forward to seeing you get that check from Ron!
Hello Eric,
Congratulations and good job on the deal! I am proud of you and your efforts. Glad to read that you made some good money and are becoming a successful real estate investor. I am new to Planet Ron, and am working on my first deal. One day I too will be able to post a success story like yours. Take care, keep up the good work, and keep on investing.
Bye for now,
Robert
Way to go! I am so proud of you making that challenge to Ron and then taking the action to make it happen! You can do it and do it every year!
Hello again Eric,
Congratulations and good job on the real estate deal! I am proud of you and your efforts. Glad to read that you made some good investing decisions and are becoming a successful real estate investor. I am new to Planet Ron, and am still working on my first deal. One day I too will be able to post a success story like yours. Take care, keep up the good work, and keep on investing.
Bye for now,
Robert
Oh by the way Eric,
How many other deals have you done since this one? It would be interesting to find out what other deals you have so we can all learn from you experience and perhaps use that knowledge to help ourselves make us successful. Thank you and take care.
Hello Eric,
I am working on a deal right now and hope you are reading this comment so as to replying and giving me some words of encouragement, advice, and support. I sure could use it so that I too can be a successful investor! Maybe I’ll hear from you soon? Take care.