The worst deal I Closed in 2015 [Fire & Foundation = Major Trainwreck]

Once in a while I get myself in a bind... I make a dumb_decision and buy a house I shouldn't... AND in 2015 that was 1473 Lakewood Ave. in Lakewood, Ohio. I still kick_myself every time I think of this property. It was a great deal... I thought... re-gentrifying area... near downtown... took a "flyer" on it... Bought it for only $40,000 in a neighborhood where we could easily get $180,000 ARV. So I locked up a private lender who funded it for $120,000. Got $80,000 CASH_BACK AT CLOSING. Had all the money we needed for repairs and launch. And so we got started... and then the wheels came off. FAST! I could see the trainwreck from a MILE AWAY! City of Lakewood permits = Trainwreck #1 Contractor not showing up on jobsite = Trainwreck #2 Fire damaged attic = Trainwreck #3 Crumbling foundation = Trainwreck #4 Back Porch Falling Off = Trainwreck #5 Negative 20 degrees through winter = Trainwreck #6 Over Budget = Trainwreck #7 1st buyer financing falls through = Trainwreck #8 Brother Mark Feeling Depressed because NO SUN LIGHT IN CLEVELAND FOR 32 STRAIGHT DAYS = BIG TIME TRAINWRECK And after all this I starting thinking about how much money WE WOULD LOSE! I wanted out of the deal. BAD! So we reluctantly threw the house on the market again... after the 1st buyer couldn't get their financing approved! AND A_MIRACLE HAPPENED! 1473 Lakewood Ave Sold for $175,000 and we walked away from closing with a $32,802.51 PROFIT CHECK Here's the ACTUAL REAL FINAL HUD 1: Once in a while the Real Estate Gods Look down upon you and say.....let me perform a_miracle here and help you out here son! LESSONS Learned from 1473 Lakewood Ave #1: Trust the numbers! Buy and rehab at 65% of ARV and you JUST CAN'T LOOSE. We stuck to the numbers and even though the deal was a trainwreck we made a big profit! #2: Put a great final product on the market! No matter what the issues are, finish a project and put a great final product on the market and IT WILL SELL! We put granite, stainless steel and beautiful tile in this house. #3 FINISH: Make a decision....then COMMIT to it and see it through to the end! We never quit. I gotta tell you this deal drove me bananas BUT we walked away with $32,802.51! It only gets easier from here. This is the worst deal we did last year and it turned out OK. $32,000 profit is OK right? So I have couple quick questions for ya? Who will you rely on for good strategies and information when a deal goes sideways? Do you know how to find and acquire greats deals that have so much profit they still make money when things don't go as planned? Do you know exactly how to get the private funding for deals that need HUGE repairs? The answers to all these questions will revealed at the FLIP AND FUND SUMMT 5 Feb 19-21 in Las_Vegas. Flip and Fund Summit 5 But you have to hurry...because the deadline to get it...at 65% off...is January 20. You'll hear all about Lakewood Ave., the good, the bad and the ugly straight from the top at this event. It's nearly sold out, so act now. And whatever seats are left after Jan 20 will go for full price. And no investor likes paying retail! Flip and Fund Summit 5 This is your year to really make a difference. Let my team and I help you get there FAST and in style. See you in Las_Vegas! Be daring, Josh PS: Grab one of the few VIP spots while you're at it. Perks aplenty...Private Cocktail hour with Donald Trump  Jr., private dinner and breakfast with the coaches and our team, front row seating, live recordings of the event, and Private 911 Coaching calls with me. Flip and Fund Summit 5

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