$45K Real Estate Deal With Dan and Crystal Mewhorter - Contractor Horror Story

Jay Conner

Sep 19 2019

$45K Real Estate Deal With Dan and Crystal Mewhorter - Contractor Horror Story

Watch on Youtube: https://youtu.be/AdQUDD27Djc

Dan and Crystal Mewhorter join Jay Conner to talk about some of their recent real estate successes.

They have raised over 3.25 million in cash and equity.

Bank owned property. 5 bed, 2 bath, 3500 sq ft, partially renoed.

Buying price: 67k Asking $78K

Rehab: $32k

Final rehab cost: $52

Rent-to-own: $259K

Private Money $100K

Mortgage: $80/month. Rented out at $1700 a month

Profit: Aprox. $45K

Lesson One: Need a good realtor

Lesson Two: Bank had received $11k in earnest money before Dan and Crystal

Lesson Three: Never be in a hurry to get a contractor. Check their insurance. Pay attention to what they are doing. Control your contractor. Check their work.

Lesson Four: Low offers can be approved. Stick to your guns. Lots of deals fall thru. But they do come around again.

https://www.jayconner.com/liveevent

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

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