Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 3 months ago, 09/14/2024

User Stats

149
Posts
59
Votes
Jeremy Beland
  • Real Estate Coach
  • Derry, NH
59
Votes |
149
Posts

The 4-year Follow up That Earned Us $93,575...

Jeremy Beland
  • Real Estate Coach
  • Derry, NH
Posted

In early 2020, we received a lead that quickly turned into one of the craziest situations we've ever encountered. A husband and wife were caught in a volatile situation—he ended up in jail, then came back out, and their home became a battleground of chaos. But we saw potential in the deal and kept this lead in our follow-up database for nearly FOUR YEARS.

Fast forward to December 2023, the wife, now with a restraining order in place and court approval to sell, decided to let go of the house she could no longer afford. She sold it to us at a significant discount due to years of deferred maintenance—broken doors, heaps of junk, and more. Here’s where it gets wild: right before the holidays, we not only closed on the house but also helped her move into an extended stay hotel. We fronted the money for her stay, which she later repaid at closing.

Our team sprang into action immediately. We cleared out mountains of clutter, pressure washed the exterior, and tackled endless repairs. We replaced floors, repainted every inch of the interior, and fixed everything that needed attention. Our total investment? Around $45,000 in repairs.

By late January to early February, we had the property back on the market. The response was overwhelming—within 48 hours, we received a cash offer well over asking price with no inspection and no contingencies. We closed the deal within 60 to 75 days, walking away with just under $100,000 in net profit after all expenses. This wild ride underscores the power of relentless follow-up and the hidden gold in every lead. It took almost four years and navigating through a rollercoaster of events, but the payoff was massive.

There’s more money sitting in your database than you realize.

Loading replies...