Student Success Story -Â Lucky Luck
Dear Ron,
Signed a Deal in Under 24 HoursÂ
From Bandit Sign to $70K Equity + $1K/Month Cash FlowÂ
This deal came from one of my yellow abandoned signs with black letters:
âI Buy Houses â CASH â [My Number]â
So yesâbandit signs DO work.
Hereâs how it happened:
On Monday around noon, a motivated seller called PatLive, and I received the lead. I didnât call him right awayâI was out dropping off a check to another sellerâbut around 5 PM, I gave him a call.
He originally wanted $160K for his 3 bed / 2 bath home with a one-car garage. After some questions, I found out he owed $60K, had a monthly mortgage of $780 (PITI), and the house was in good solid condition. Roof 10 years old. I explained we buy houses either with cash (if it needs lots of work) or by taking over monthly payments. He agreed to the latter.
I asked when I could see the homeâhe said Tuesday at 1 PM. That same night, I wrote the agreement and emailed it to Barbara. On Tuesday morning, she called me back, reviewed it, corrected a few things, and coached me through what to say.
When I visited the house, I estimated it needed just $5Kâ$10K in cosmetic repairsâmainly paint and light updatesâto be lease-option ready. We started filling out the paperwork, and everything looked good⌠until the seller realized he wouldnât get his equity at closing and wanted to back out.
Thatâs when Barbara saved the deal. She got on the phone, explained things clearly, and professionally negotiated:
- Purchase price down to $127K (from $160K)
- Moving money down to $3K (from $7K)
- Term extended to 25 months (after he only would only accept 12)
Hereâs the breakdown:
- ARV: $216K
- Purchase Price: $127K
- Repairs: $5Kâ$10K
- MAO if I paid cash: $131K â we bought under it for $127,000 on terms
- Monthly Payment: $780
- Rent Potential: $1,800
- Cash Flow: â over $1,000/month
- Equity at Exit: â $70K
Exit Strategy: Iâll put in a lease-purchase buyer for 12 months. If they donât cash out, I still have another year to sell it on the market.
This deal was only possible because I moved fastâand because Barbara knew how to close it. If not for her, the seller wouldâve walked. She made this happen, 100%.
Let me just say this about BarbaraâŚ
Sheâs an absolute superwoman.
Sheâs sharp, fast, and knows exactly what to say in high-pressure moments. Watching her handle the seller live, in real time, was honestly WOW. Her professionalism and confidence completely turned the situation around. Thatâs when I realizedâthis is what having a true expert by your side looks like.
Thank you, Barbara.
Lucky Luck,
Fayetteville, North Carolina