I am really proud of my student Ansar for persisting until he found a deal. Here he is at his first fix and flip which netted him $110,000! Ansar is a student in my private real estate mentoring program (working one on one with me).

This is a perfect fix and flip case study of a fix and flip with a private lender loan

I was the private lender (one of the advantages of being in my coaching program)

Ansar borrowed all of the money for material and labor too!

This was Ansar’s first deal ever!

This was a probate deal which took him 6 months to negotiate and close. He found the house by posting on a Facebook Group. 3 months later someone replied to his post that their grandma had passed and they were interested in selling the house. That’s he found the deal!

He purchased this house for $170,000 and he sold it for $340,000.

His profit on this deal represents two years of his annual salary from his job!

I will be teaching Fixing and Flipping Houses this weekend at the Fixing and Flipping Houses Boot Camp.

If you want to attend this event, call my office now to grab one of the few remaining seats if any are still available at (561)-726-1419

Ask yourself if you have self limiting beliefs that are holding you back. For example, you are probably thinking to yourself “I would do this if I had the cash” or “I would do this if I had good credit”. The reality is you don’t need either. Ansar liquidated his 401k to get into this deal. And he borrowed the money for repairs and materials on his credit card!

Most of my students have self limiting beliefs.

You probably do too.

I work on that (a lot) during our coaching. It’s more important than real estate. You can’t become wealthy if you have self limiting beliefs or perceptions that hold you back. That is what I teach my students. How to think differently.

How much money you can make is only limited by how much you believe you can make.

This might sound hard for you to understand if you work hard on a job (like Ansar) – but it is true.

Ansar is a shining example of that. This deal took courage, and overcoming fears, and persistence. A huge shoutout and Congratulations to Ansar!! I am so very proud of him. People ask me why I teach. This is why. To make a difference and effectuate change in other people’s lives.

This video was taken on the day of closing right before he headed to the title company to sign his closing documents.

So how did Andar find this house? He posted on Facebook on a buy/sell group that he was an investor looking for a house that was a fixer upper for sale by owner that needed work. He received no response to his post for almost two months. Then someone commented that their husbands grandmother had passed away and that they were looking to sell the house for cash. And so the negotiations began.

That took Ansar 6 months. Until all of the heirs could agree on the price. They had another offer but they had been talking to Ansar so much from the get go that they told him he just needed to match the other offer (which he did). So Ansar purchased this house, spent $57,000 renovating it and relisted it. The net result is a $110,000 profit.

The best part is that Ansar borrowed the money to pay the contractor for the fix and flip from a home equity line of credit on his primary residence at just 2.75%. Ask yourself if you have equity in your house that you could be tapping into like this. And he borrowed the money for the materials using a Home Depot Credit card and a Loews business line of credit. So between me lending him $145,000 and him using his credit line and Home Depot/Loews cards he basically borrowed all of the money for this fix and flip. And the net result is a $110,000 profit (two years of his salary).

Are You Curious About What The House Looked Like When He Purchased It?

You can find that video here:

Remember – he made this $110,000 with borrowed money from a Facebook Post!

You could be learning how to fix and flip houses like this too!

Clear your calendar and plan on being at the Fixing and Flipping Houses Boot Camp this weekend.

If you want to attend the boot camp this weekend, call our office and check if there are any seats left at (561)-726-1419

Learn How To Fix and Flip At The Fixing and Flipping Houses Boot Camp