6d (edited) • General discussion
Student success case
Hey guys!! I’m happy to say that after 25 days on the market the property we bought together with my student Julio just got under contract for $37,500.
We bought it together for only $16,000. We paid $200 for a drone guy, $200 for a big sign and $300 to flat list it on the market. Closing costs around $1000.
All in for $17,700.
Now under contract with a buyer covering closing costs for $37,500 in 25 days.
We have to pay 3% to the buyer agent commission = 3% of $37,500 is $1125.
So $37,500(sales price) - $17,700 (acquisition cost) - $1125 (realtors fees) = $18,675 NET PROFIT.
From a $17,700 investment. That’s a ROI of 105% in less than a month.
Each are gonna make $9337 in profit.
Julio acquired this $18,675 profit deal in his 4th week texting from his home, have never seen this piece of land and everything done completely ONLINE!!
First of many for Julio I’m sure. And I’m proud of him.
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Student success case
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