All Forum Posts by: Larry Vestall

Investment Info:

Single-family residence fix & flip investment in Cleburne.

Purchase price: $5,000
Cash invested: $185,000
Sale price: $272,000

Completely remodeled & updated featuring new electrical wiring, plumbing, foundation, two new HVAC units, water heater, over 20 windows, engineered hardwood floors, and all tile and carpets throughout! New kitchen cabinets, new stair railings, new light fixtures, new faucets, and new paint throughout! original wood and artifacts were retained and restored . Parlor, dining, & family room all contain the original art plaster-work. Large yard with 20 x 30 workshop or garage, & wrap around deck!

What made you interested in investing in this type of deal?

the house had potential and was fixing to be knocked down by the City

How did you find this deal and how did you negotiate it?

drive buy, located the owners that had abandoned the property five years before and cut the deal.

How did you finance this deal?

Private bank

How did you add value to the deal?

restored everything brand new

What was the outcome?

still on the market

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Greg Willis, broker

Investment Info:

Single-family residence fix & flip investment in Cleburne.

Purchase price: $5,000
Cash invested: $185,000
Sale price: $272,000

Completely remodeled & updated featuring new electrical wiring, new plumbing, new foundation, two new HVAC units, new water heater, over 20 new windows, new engineered hardwood floors, and all new tile and carpets throughout! New kitchen cabinets, new stair railings, new light fixtures, new faucets, and new paint throughout! All doors are new except for some of the original closet doors. All restoration work has been completed to specifications and all original wood and artifacts were retained and restored where possible. Parlor, dining, & family room all contain the original art plaster-work on the ceilings & borders! Large yard with 20 x 30 workshop or garage, & wrap around deck!

What made you interested in investing in this type of deal?

the house had potential and was fixing to be knocked down by the City

How did you find this deal and how did you negotiate it?

drive buy, located the owners that had abandoned the property five years before and cut the deal.

How did you finance this deal?

Private bank

How did you add value to the deal?

restored everything brand new

What was the outcome?

still on the market

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Greg Willis, broker

I just want to know how did you get all that work done for only $26,000

Exact same thing happened to us but it wasn't Armando's program it was the BIG DOG program, first the free meeting, than the 1000 weekend seminary, where we were taught if you want to know more and be in with the BIG DOGS, it will only cost you $35,000.00  Yes, we walked and actually got a refund for our $1000 after I wanted to expose them for being the FRAUDS that they are, what a waist of my time, and NOW I'm also slipped into another guru, and that is the Clever Investor, Cody Sperber, Don't get me wrong, I do love his videos, they provide detail info, but I strictly got his 297 program for one reason only and that was for the direct mail, and his automation system.  Nothing mORE, no I don't need a 14K mentor, I have a broker that works with us closely who doesn't ask for money and is an investor as well.  WHY can't anymore just be honest in this business and not try to beat around the bush as to their true agenda, it would keep me from wasting alot of my time, I was not born yesterday, and I can tell a sales call a mile away, its the questions they ask, these people are all the same, and their material to educate with is all the same, Sheez

I think its great, love learning new stuff everyday, thank you.