I just want to give a big thanks to my mentors and to Ron LeGrand for teaching me a whole new way to buy and sell houses. After being a traditional investor for 21 years, I’ve learned how to do Pretty House Deals and have just sold my first one!
I purchased the home on July 1, 2019. The purchase price was $218,000.00 with owner financing, the down payment was $5,500.00 and the monthly note is $1200.00 with a 7-year balloon. I sold it in July 18, 2019 for $249,900.00 on a lease purchase with $10,00.00 down, $1,800.00 per month in rent on a one-year option. The profit looks like this; $4,500 on the front, $600 monthly spread and $27,400 on the back end. If they buy me out in one year, the profit is $39,100. If the home does not sell until year 7, the profit could be easily be over $150k not including appreciation and depreciation!!! This is a property I would have NEVER purchased using my traditional strategies. Talk about your game changers!
THANK YOU ALL, for convincing me that this was a deal!
I would highly recommend the mentoring program with Ron LeGrand. They have guided me not only through this amazing deal, but since I joined the mentoring program, I have many deals in the pipeline.
Nick Brocato
That is so cool! Kudos to you for being willing to learn new things despite your years in the business! Keep pushing and congratulations!
Hello Nic, thanks for the informative success story and the posting. Congrats to you on the $39,100 profit. Never give up and keep on investing, moving forward and make us all proud of you. Take care.