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Updated 5 months ago on . Most recent reply
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- Lake Oswego OR Summerlin, NV
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my new rock star client
Little 1890 farm house as typical in the mid west.
Purchase price 60,000 I funded it.
Rehab 20k I funded it.
My new client put 10k into the deal I require that when starting out with a new client.
sold in 158 days 148k Netted 134k - 80k - 10k ( clients contribution) net profit Net profit 44k Minus my funding fee of 10k and my new client made 34K on a light rehab. There are no monthly payments we all get paid on the same day and I even pay for the fire insurance client pays EM and utls.. WE have funded 5 more for him in the last 5 months .. With a few of them are going to be over 50k net profit for him and a couple small ones 15k or so.. Along with a Self Storage facility I financed for him 100%.. he is off and running
this is the value of a True capital partner.. Money meets effort = very nice life changing profits.
- Jay Hinrichs
- Podcast Guest on Show #222
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Most Popular Reply
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Quote from @Jay Hinrichs:
Little 1890 farm house as typical in the mid west.
Purchase price 60,000 I funded it.
Rehab 20k I funded it.
My new client put 10k into the deal I require that when starting out with a new client.
sold in 158 days 148k Netted 134k - 80k - 10k ( clients contribution) net profit Net profit 44k Minus my funding fee of 10k and my new client made 34K on a light rehab. There are no monthly payments we all get paid on the same day and I even pay for the fire insurance client pays EM and utls.. WE have funded 5 more for him in the last 5 months .. With a few of them are going to be over 50k net profit for him and a couple small ones 15k or so.. Along with a Self Storage facility I financed for him 100%.. he is off and running
this is the value of a True capital partner.. Money meets effort = very nice life changing profits.
Yep - this should be everyones "bread and butter" find a true partnership and keep it running and make it a win win for both parties.
- Chris Seveney
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