Virtual Wholesaling student Tony Zamberlin was kind of enough to write up a quick case study on a recent deal of his …
He’s a successful wholesaler at http://nationwiderehabdeals.com/
I love these case studies as it gives you a chance to discover what it really takes to put a deal together and get it to closing.
Student spends $600 in marketing via Virtual Wholesaling and makes $22,000
My partner, Blake Copeland, and I spent 600 bucks in marketing using the Cris Chico absentee seller postcard system back in March of this year and ended up getting a deal that on which we grossed 22k! It didn’t need much work, so instead of wholesaling the property we decided to bring on my local partner to fund the deal and the rehab.
The seller called and was very upset and just wanted out.. His dad had passed away in the house a while back and the seller couldn’t afford the taxes and insurance any longer and didn’t wanna be a landlord due to ex-wife issues and he didn’t wanna show income from the house. (Typical stuff with a good A lead).
The tax value on the house is 113k and he said he could take 60k, but could probably do a lot better since we are investors and have to make a living too.. Went to house and talked it over with him and we settled on 42k
We closed on the house, did minor rehab (hvac unit, gutters, front and back porch). 3 months later we listed for 99k and got multiple showings the 1st day.. We ran into a problem with the 1st buyer that wanted the house because her financing fell through, but then took a backup offer and ended up closing on it. My partner and I split the deal so my half of the deal, once sold and after closing fees from the conventional sale, was $8,367.10
We have also been able to hire a great VA to work with us because of Cris and Alex’s VA course.
I would highly recommend any of Cris’s courses or products..
Cris – you are the man and I look foward to meeting you one day soon!
{ 7 comments… read them below or add one }
Great deal Tony! Got to love those A leads! Keep it up!
Great news, and I know it can be done because of a course i had with eric and alex I have a wholesale deal from a A lead, but am needing a partner to fund my deal and split profit. Anyone interested? Tina from Oklahoma
Yup… Sounds just like a Cris Chico Deal!
You rock cris keep it up
Yep its killer! I’ve done several like this… It keeps getting better and better..
Congrats Blake! Lets go grab a beer this week and talk about your deal.
Hi Cris, I know Tony personally we are from the same town. It was pretty cool to see his deal on here. Keep moving on Tony! Cindy Devine
Devine Properties of Anderson, LLC
Hello Cindy!
Cool will do!