Private Money Academy - Real Estate Investing With Jay Conner

Real Estate Investing Show for Professional Investors

Step By Step Guide to $89,000 Deal With Jay Conner

Jay Conner

Dec 20 2020



For today’s episode of Real Estate Investing with Jay Conner. He will teach his viewers and listeners the step by step process of how to make a profit of $89,000 that he actually earned on his recent deal.

For this specific deal, the house is located at 108 Fern Court. It’s a beautiful home over in the resort area. Jay bought this house 3 weeks ago and they are already finishing the rehab next week.

First the numbers, he bought this house for $266,000, rehab $20,000.

The After Repair Value (ARV) $375,000

Let us pretend that Jay did not buy this house yet. Here is the possible Maximum Allowable Offer (MAO) for this house, $300,000.00 minus repairs of $20,000 that will be a total of $280,000 for MAO.

But sometimes there are also some unexpected repairs that you did not count on. So to cover this Jay always prepares a buffer of $10,000. By doing this, it will give him the most decent amount that he will pay. 

So the amount now that Jay would almost pay is $270,000.

But how much did he actually pay?

Yes, $266,000! He actually paid less than $4000 than what his formula for getting the MAO calls for. 

But this is not the end yet, If you want to know the full details of this deal, and want to learn how he earned $89,000 on this deal, just watch the video. 

 

If you want to learn how to get funding for your deals using private money, get on over www.JayConner.com/trial  for 30 days of free access to Private Money Academy.

Real Estate Cashflow Conference: https://www.jayconner.com/learnrealestate/

Free Webinar: http://bit.ly/jaymoneypodcast

Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal.

#RealEstate #PrivateMoney #FlipYourHouse

Real Estate Cashflow Conference: https://www.jayconner.com/learnrealestate/

Free Webinar: http://bit.ly/jaymoneypodcast

Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal.

 

What is Real Estate Investing? Live Cashflow Conference 

https://youtu.be/QyeBbDOF4wo

The Conner Marketing Group Inc.
P.O. Box 1276, Morehead City, NC USA 28557

P 252-808-2927
F 252-240-2504

Channel

https://www.youtube.com/channel/UCZfl6O7pRhyX5R-rRuSnK6w

https://www.youtube.com/c/RealEstateInvestingWithJayConner

RSS Feed

http://realestateinvestingdeals.mypodcastworld.com/rss2.xml

Google Play

https://play.google.com/music/listen#/ps/Ihrzsai7jo7awj2e7nhhwfsv47y

iTunes:

https://itunes.apple.com/ca/podcast/real-estate-investing-minus-bank-flipping-houses-foreclosure/id1377723034

Watch on ROKU:

Roku 
https://my.roku.com/add/realestateinvestingRoku 

https://my.roku.com/add/realestateinvesting

Watch on Amazon Prime:

https://www.amazon.com/How-Locate-Real-Estate-Deals/dp/B07M9WNZR6/ref=sr_1_3