I have a great new
deal that I am working on with one of
my partners.
Here are the details:
-We have a house under
contract to purchase for
$27,000. We close in 7 more days.
-We got the house for
pennies on the dollar. It needs work,
and the seller needs money fast.
-It needs about
$60,000 in repairs. We will have a hard money lender I have previously worked with finance the entire amount.
-We have a contractor
lined up to handle the entire project. We won’t need to lift a finger.
-I already have all
the materials, finishes, and paint
colors chosen. I use the same ones for every project. All I need to do is email the
list to the contractor.
-The rehab should take
about 6 weeks.
-We will be able to
sell the house fast for $149,000.
-After all
commissions, carrying costs, etc, we
should clear right around $48,000 profit.
Remember, you have to
TAKE ACTION in order to make money in
real estate. Most people do not
take action, and therefore never reap the financial rewards.
Dave Clabeaux is a real estate investor. David lives in Northern Kentucky with his wife and son. Dave enjoys many aspects of real estate investing, including rehabbing, offering rental-to-own properties, and building a retirement portfolio by acquiring properties with no money down using owner financing. As a former high school English teacher, Dave is also very passionate about teaching others how to build wealth through real estate.
Saturday, October 17, 2020
Dave Clabeaux Real Estate | David Clabeaux - My New Deal: Buy for 27k, Sell for 149k
Location:
Florida, USA