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$41,000 Profit with $0 on Repairs - Pranav's Deal
Manage episode 431301262 series 3587967
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Today’s dealmaker is Pranav, a data scientist with a PhD in applied physics and material science, working in corporate America. He is a really smart guy who is leaving the corporate world to go into the real estate world, and he'll explain why.
The deal he is going to share with us is a little bit different, because it shows the value of not building the equity, but buying the equity. In other words, it's a no-have, where he did no work to this property and still has a good profit on it. So let’s hear it from Pranav!
What is Covered:
(01:31) - Why Pranav got into real estate and how he found the time for it
(04:40) - Pranav’s deal of the day
(06:06) - Stacked motivation - 2 of 5 big motivators for sellers
(08:13) - Why he decided not to do repairs on the house
(10:47) - Days on market and how Pranav sold the house
(14:02) - Financial breakdown of the deal
(15:51) - The importance of being professional with the sellers and following the process
Resources:
- Learn more about our Apprenticeship Program
- Join our FREE Facebook Group
- Check out our other podcast, Investor Creator Podcast
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