Millionaire In The Making – David Hejl

Dear All,

After attending a Quick Start Real Estate course in Little Rock, AR, in November of 2018, I completed my first “pretty house” deal within 3 weeks with a net initial profit of $13,250.  (Final estimated profit: $21,419)

This was a lead sourced by Eagle VA who generated the property information sheet and then was called by a mentor at the course in Arkansas, who set up an appointment for me when I returned home.

“Sandwich Lease/Purchase”

•  Purchase price: $179,000 (actual $178,836)  |  Selling price: $199,000
• Down payment to seller: $5,000  |  Buyer’s down payment: $20,000
• Monthly payment: $1,550 PITI  |  Monthly rent: $1,600 ($250 total+1st month’s rent $1190)
• Term to seller: 9 months / buyer’s term: 5 months  |  Contract costs:  $1,750
• 5-month principal pay down $1565 total ($312/mo)  |  Term end profit = $8,169

---

Actual PP is mortgage balance $173,836 + $5,000.  Initial profit = (20,000 down – 5,000 down) – 1,000 closing facilitation fee at title company – 750 attorney fee for document review = $13,250.  During the term, I am paying down debt to mortgage co. directly; Tenant/Buyer is only paying rent.  End of term profit = 179000-(173836-1565)+(1190+250)=$8,169.  TOTAL: 199,000-178836 -1750 cc+1565 ppd+1440 cf=21,419

---

I started in real estate under the tutelage of my father, who has had rental properties in Texas for 40 years, after settling down in a small town near St. Louis.  My father and I bought 15 rental properties mostly through a seller financing and some traditionally through a bank in my hometown. 

We are now expanding only using the techniques taught through Ron LeGrand and the Mentor program.  THANK YOU!!

Sincerely yours,

David Hejl in Vandalia, Illinois