I just want to give a big thanks to my mentors and to Ron LeGrand for teaching me a whole new way to buy and sell houses. After being a traditional investor for 21 years, I’ve learned how to do Pretty House Deals and have just sold my first one!
I purchased the home on July 1, 2019. The purchase price was $218,000.00 with owner financing, the down payment was $5,500.00 and the monthly note is $1200.00 with a 7-year balloon. I sold it in July 18, 2019 for $249,900.00 on a lease purchase with $10,00.00 down, $1,800.00 per month in rent on a one-year option. The profit looks like this; $4,500 on the front, $600 monthly spread and $27,400 on the back end. If they buy me out in one year, the profit is $39,100. If the home does not sell until year 7, the profit could be easily be over $150k not including appreciation and depreciation!!! This is a property I would have NEVER purchased using my traditional strategies. Talk about your game changers!
THANK YOU ALL, for convincing me that this was a deal!
I would highly recommend the mentoring program with Ron LeGrand. They have guided me not only through this amazing deal, but since I joined the mentoring program, I have many deals in the pipeline.
Nick Brocato
Hello Nic,
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
That is so cool! Kudos to you for being willing to learn new things despite your years in the business! Keep pushing and congratulations!
Oh by the way Nic,
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 Nic,
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.