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, The Private Money Authority
Feb 21 2022
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, with a rehab cost of $20,000.
The After Repair Value (ARV) is $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 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. 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 at https://www.JayConner.com/trial for 30 days of free access to Private Money Academy.
YouTube Video Link:
"Step By Step Guide to $89,000 Deal With Jay Conner, The Private Money Authority"
Have you read Jay’s new book: Where to Get The Money Now?
It is available FREE (all you pay is the shipping and handling) at https://www.JayConner.com/Book
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.
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P.O. Box 1276, Morehead City, NC USA 28557
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