Backstory on This Property:
This relationship came from a call off of our Local House Partners site, from gentleman who was interested in getting a Cash Offer on his Alexandria area property.
He liked the fact that there was a Partner option and that we are straight-shooters.
He also knew one of the founders of Project Horse, a local charity, who was a recent winner at one of our ImpactClub® events.
He was a pastor looking to relocate down to North Carolina with his wife.
With COVID hitting, he was looking to get a new fresh start. New
profession and cheaper housing.
Their home was their only retirement plan so it was important to them to maximize their ROI.
I laid out 2 options for them:
#1: Cash offer and I could close in 7-14 days.
#2: They partner with us and our execution team and we turn his property into a Pinterest home. He is handy so was willing to do most of the work, and for the things he couldn’t do my team would step in and knock it out. This would require $20-30k in upfront capital to make this home turn key.
Originally, they wanted to take the Cash Offer because they just wanted to move on with their lives.
He asked me, “If you were me, what would you do?”
I told him if I had the $$ I would definitely do the Partner option.
It would allow for him to extract an extra $30-45k in profits versus taking the cash offer.
The timeline is 90-120 days versus 7-14 days but the extra cash was huge.
Especially since it was their only retirement.
He took my advice and that’s what we did.