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Updated over 9 years ago on . Most recent reply

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Ryan Dossey
  • Real Estate Broker
  • Indianapolis, IN
2,425
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Quintuple closing. Closed a deal on Friday net profit = $23,000.00

Ryan Dossey
  • Real Estate Broker
  • Indianapolis, IN
Posted

As many of you know my business partner and I have been using @Jerry Puckett with great success. 7k in marketing has turned into 30k+ in profit, two SFR, and 9 other offers we have pending.

Most recent deal took around 3 months to close. Attorney working with a family on an inheritance. From non notarized poa's to pushing back closing 3 times I had to jump through dozens of hoops to make this happen. We got 2 homes under contract as a package in a rough neighborhood in rough shape. We listed them on CL and postlets and they were sold within 3 days of listing. Our net profit was 22k. 

How is this for unusual though... Quintuple double closing. That's right. The title company did FIVE double closings in one day on these. 

Most Popular Reply

User Stats

3,406
Posts
2,425
Votes
Ryan Dossey
  • Real Estate Broker
  • Indianapolis, IN
2,425
Votes |
3,406
Posts
Ryan Dossey
  • Real Estate Broker
  • Indianapolis, IN
Replied

We have wholesaled we have also kept some. We did two separate lists. One list was 1k notices. (this ended up not being a very good list however we stuck with it.) Other list was 500 names (this one was worth its weight in gold. I guess counting the equity/value of our two SFR rentals that number is much higher. We wholesale when it doesn't make sense to rehab or hold. Why take 4 months to make 25k when I can make 15k in 2 weeks? I will only flip a home if it is a slam dunk. Great area, nothing funky, and straightforward.

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