Dear Alton Jones,
Thank you for being such a wonderful mentor! I joined Planet Ron about 3 years ago, thinking I could do it by myself without additional support from Ron’s mentor program, but I could not make any progress. I signed with the mentorship program about 6 months ago and immediately started getting very good opportunities showing up. Finally, with your help, I was able to find an opportunity where the seller accepted to owner finance the sale and I closed on this house.
Purchase price of the house: $465,000
Down payment: $20,000 with about $2,812 monthly payments and a 3 year balloon
My exit strategy is to sell it with a lease purchase
Lease purchase price: $499,900
Front end income: $35,000
Expecting positive cash flow of about $700 / month
Back end income: $20,000
Your mentorship, knowledge and understanding of the marketplace, and your guidance was the catalyst along with being accountable to you. Thank you very much for all your support. Ron’s program is amazing for people who want to get into real estate. I am looking forward to many more transactions in the upcoming months and years.
Jack Latchinian
Hey Jack, thanks for the great success story and the posting. It was very inspiring and well worth reading. Great first deal you closed on, and it looks like a keeper. Keep on investing, moving forward and make us all proud of you. Take care.