Eric’s goal is to make $1,000,000 this year to win a bet (with Ron).. and he is going to do it!! By the way.. this is his new car below!
Check out the strategy he used to net $99,087!
HUD Purchase: 100,821
ARV: 200,000
Private money loan @10% 130,000
Repairs: 10,000
Sell on L/O 199,000
O/Fee: 25,000
Monthly spread 417
The Profit
Cash at buying: 29,179
Option Fee: 25,000
Cash at selling: 44,900
Monthly profit: 417 x 24 10,008
Less repairs: 10,000
Total Profit 99,087
Congratulations to Eric!
Sorry Ron but Eric is winning your bet! Definitely looking forward to the celebration!
Great job Eric! Keep it up! I’m looking forward to seeing you get that check from Ron!
Way to go! I am so proud of you making that challenge to Ron and then taking the action to make it happen! You can do it and do it every year!
Hello Eric, thanks for the informative success story and the posting. Good job on the deal you made, and a $99,087 profit. Wow! Keep up the good work and keep on investing, moving forward and make us all proud of you. Take care.