PROPERTY SUCCESS STORY
Property Location: Silver Spring,
MD
Purchase Price: $92,000
Sales Price: $165,000
Renovation Costs: $20,000
Profit: $35,000
Length of Renovation: Four months
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Anthony Beharry was an auto mechanic earning $40,000 a year.
After listening to John Peterson’s radio program, he
decided to look into the long-term benefits of real estate
investing. His NEXT STEP was to attend a ProfitableProperty
Free Workshop in Bethesda. He attended the two-day training
course the following weekend.
After Anthony finished the program, he was enthused and
ready to find his first deal. He had learned multiple techniques
to locate property, alternative sources of financing, the
renovation process from top to bottom and multiple exit strategies
to maximize profit on every deal. His questions had been
answered to his satisfaction. In addition, the benefits of
working with a locally based real estate investment firm
that is active throughout the metro D.C. area were apparent
to him.
For about six months, Anthony moonlighted as a real estate
investor. Then, with the encouragement and support of his
wife, Anthony made a full-time commitment to real estate
investing. His first deal came less than two months later.
The owner of a townhouse in Silver Spring responded to a
foreclosure letter sent by Anthony. The owner of the property
had a week until the foreclosure auction. He was ready to
make a quick sale to receive some of his equity and move
back to New England. The house was worth $160,000 with $70,000
on a first mortgage. The property needed only cosmetic renovations.
Anthony placed the house under contract and then immediately
wholesaled the property to ProfitableProperty, with no money
out of his own pocket. John Peterson purchased the home and
completed the needed renovations on the property. The process
took less than a week, and Anthony pocketed $12,500 at the
settlement table.
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