Millionaires in the Making – Paul Schemmel

Hello Brian and Lynette,

I wanted to say thanks for the support, encouragement and guidance you provide week-in and week-out. Thanks to you, I have this check for over $60,000 that I made from a fix and flip!

The purchase price was $265,000, and we added a whole second story with an oversized, detached 2-car garage. We borrowed $315,000 with non-recurring payments so it didn’t infringe on my cash flow. Simply put, all the interest is paid off when the house sold.

The property sold for $705,000 while it was still under construction, and it was never listed in the MLS. The buyer’s offer was written by their agent, to whom I did pay a 2.8% commission. I also gave the buyers a $2,000 seller concession, but that was nothing compared to the huge profit from this one deal.

All the help and guidance that you provide on a regular basis gives me the confidence and helps lay out the path to my success.

Thanks for everything!

Paul A. Schemmel