- Profit Strategy: Buy and stabilize, then resell
- Number of Units: 42
- Amount Earned: $
- Personal Money Invested: $ $10,000
- Prior Experience: Single family home rehabbing
Jon was mid-deal with the plan to rehab & flip when his wife, Karen, lost her job of 11 years. Together, they attended Lance’s boot camp to gain the knowledge, skillset, and most importantly – right mindset – to get this deal done. After attending, they modified their strategy to wholesale to a developer and made $50k!
- Profit Strategy: Wholesaled to a developer with a wrap-around mortgage
- Number of Units: 42
- Amount Earned: $50k
- Personal Money Invested: $10k
- Prior Experience: Jon had been actively involved in real estate for 10 years using buy & hold strategy
Jon and his wife attended Lance’s live boot camp and brought an apartment foreclosure deal that they hoped to flip to Lance. In the first day, they realized that they should keep it for themselves and used Lance’s training and support to negotiate a 95% bank loan with the bank and purchased the apartments.