Hi Barbara,
We signed up for mentoring, and then attended Ron LeGrand’s Real Estate Summit in 2018. We have closed on 3 houses and have 5 under contract in three months.
The first house we bought after being in the program was 919 S. Center, a cute little Victorian shotgun house at an auction for $19,000. We will put $20,000 in repairs for rehab and then sell it for $91,000.
The second house we bought was on Washington St. We bought it on contract for $45,000 with $1,500 down. Our payment is $400. We sold it that afternoon for $60,000 to a couple who put down a $4,000 deposit. They love the house. It needed no repairs. Their payment is $575 so it cash flows $175 per month.
The house in the picture we bought it for $53,500 with $5,000 down and payments of $600 per month and we will need to put about $10,000 in it and about 3 weeks worth of work. We will be able to sell it for $89,500 with $8,900 down, so we will get $250 positive cash flow each month for 3 years which totals $9,000 plus $17,600 on the back end for a total profit of $26,600 for this house.
Thanks for the instruction and guidance,
J.R. and T.K. Wilson
InitialNetworks,LLC
Hello John & Teresa,
Congratulations and good job on the deal! I am proud and excited for you and your efforts. Glad to read that you made some good money and are becoming successful real estate investors. 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
Great job taking action! This works at every level of housing and you are proving it! Be blessed and I look forward to your updates!
Hello John & Teresa,
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 successful real estate investors. 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 John & Teresa,
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 John & Teresa,
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.