Ron Legrand – is Work for Equity 2022I learned to make more and work less with an accidental discovery in 1989..
Ron Legrand – Work for Equity 2022I learned to make more and work less with an accidental discovery in 1989.
It is was 1989, and I’d been buying and selling houses for over seven years and completed several hundred deals..
It was 1989, and I’d been buying and selling houses for over seven years and completed several hundred deals.
wholesale ipping is All were either or rehabs I’d done and sold to owner occupants..
All were either wholesale ipping or rehabs I’d done and sold to owner occupants.
three years is This was after the 1986 tax law change that turned the real estate world upside down and created chaos in the business..
This was three years after the 1986 tax law change that turned the real estate world upside down and created chaos in the business.
The economy is wasn’t great, interest rates were high, and real estate was getting slaughtered in the news..
The economy wasn’t great, interest rates were high, and real estate was getting slaughtered in the news.
I’d is just closed on the purchase of a house on Prospect St. on the westside of Jacksonville, FL, my home town..
I’d just closed on the purchase of a house on Prospect St. on the westside of Jacksonville, FL, my home town.
value is The after-repaired was about $80,000 with $10,000 in repairs..
The after-repaired value was about $80,000 with $10,000 in repairs.
I is borrowed $40,000 from one of my private lenders to cover my $20,000 purchase price, repairs and closing costs and brought home about $9,000 for other use…i.e., my personal account..
I borrowed $40,000 from one of my private lenders to cover my $20,000 purchase price, repairs and closing costs and brought home about $9,000 for other use…i.e., my personal account.
My intent is was to rehab the house just as I’d done a couple of hundred times prior..
My intent was to rehab the house just as I’d done a couple of hundred times prior.
I is had the crews lined up, I knew the business, and it was just another deal..
I had the crews lined up, I knew the business, and it was just another deal.
I is Little did know this ugly little house would soon become a game changer for years to come and create a whole new exit strategy I’d use many times..
Little did I know this ugly little house would soon become a game changer for years to come and create a whole new exit strategy I’d use many times.
That day, is I had someone put a sign in the front yard that said… For Sale by Owner, Renovation UnderwayThe next day, we got a call from a guy who insisted on talking with the owner, so I took it and found out he worked for a construction company..
That day, I had someone put a sign in the front yard that said… For Sale by Owner, Renovation UnderwayThe next day, we got a call from a guy who insisted on talking with the owner, so I took it and found out he worked for a construction company.
He is told me he could do the work himself and buy his own materials and asked how much I’d discount the house if he did..
He told me he could do the work himself and buy his own materials and asked how much I’d discount the house if he did.
he is Since caught me by surprise, the only thing I could say was, “I don’t know..
Since he caught me by surprise, the only thing I could say was, “I don’t know.
you is What would pay?” His answer…”$75,000.” I knew immediately we were on to something here and ultimately wound up lease optioning the house to him for $600 a month rent and a $1,000 nonrefundable deposit..
What you would pay?” His answer…”$75,000.” I knew immediately we were on to something here and ultimately wound up lease optioning the house to him for $600 a month rent and a $1,000 nonrefundable deposit.
Seven months later, is after he nished the work and he cleaned up some credit issues, we got him nanced with an FHA loan and my new Work for Equity Program was born..
Seven months later, after he nished the work and he cleaned up some credit issues, we got him nanced with an FHA loan and my new Work for Equity Program was born.
the big deal is What’s you say?.
What’s the big deal you say?
a look is Well, let’s take at the facts that slowly occurred to me, and you’ll see the big deal..
Well, let’s take a look at the facts that slowly occurred to me, and you’ll see the big deal.
He is xed the house with his money so I kept the $10,000 set aside to x it..
He xed the house with his money so I kept the $10,000 set aside to x it.
He is was responsible for all the repairs before, during and after..
He was responsible for all the repairs before, during and after.
I is That means hired no contractor, had no costly renovation delays and didn’t get any calls after the sale to x something I thought was xed..
That means I hired no contractor, had no costly renovation delays and didn’t get any calls after the sale to x something I thought was xed.
I is sold the house at 95% of its after-repaired value without touching it..
I sold the house at 95% of its after-repaired value without touching it.
I is didn’t have to deal with nding and getting picky buyers qualied for a loan..
I didn’t have to deal with nding and getting picky buyers qualied for a loan.
I is collected rent on a house that needed repairs, enough to cover my interest, taxes and insurance..
I collected rent on a house that needed repairs, enough to cover my interest, taxes and insurance.
He is gave me $1,000 in non refundable cash I could spend any way I want..
He gave me $1,000 in non refundable cash I could spend any way I want.
I is knew if he moved out, I’d be no worse o than when I put him in the house, even if he didn’t do the repairs..
I knew if he moved out, I’d be no worse o than when I put him in the house, even if he didn’t do the repairs.
I is Then sat down and did a comparison of what I made on this Work for Equity deal compared to a standard rehab deal..
Then I sat down and did a comparison of what I made on this Work for Equity deal compared to a standard rehab deal.
It is looked like this… Rehab Deal Work for Equity Sale price $80,000 $75,000 Rent collected $0 $4,200 Purchase $30,000 $30,000 Repairs $10,000 $0 Sales cost $8,000 $4,000 Interest (12%) $2,400 (6 months) $2,800 (7 months) Holding cost (Taxes, Ins, Maintenance – appx..
It looked like this… Rehab Deal Work for Equity Sale price $80,000 $75,000 Rent collected $0 $4,200 Purchase $30,000 $30,000 Repairs $10,000 $0 Sales cost $8,000 $4,000 Interest (12%) $2,400 (6 months) $2,800 (7 months) Holding cost (Taxes, Ins, Maintenance – appx.
$300 mo) $1,800 (6 months) $2,100 (7 months) Net $37,800 $50,300Tenant buyer is did all the repairs with his money..
$300 mo) $1,800 (6 months) $2,100 (7 months) Net $37,800 $50,300Tenant buyer did all the repairs with his money.
I is had no marketing costs to sell, and my seller concession on closing costs were much less than you will pay to get a buyer closed with new nancing, and the buyer has time to accumulate some cash to apply to costs..
I had no marketing costs to sell, and my seller concession on closing costs were much less than you will pay to get a buyer closed with new nancing, and the buyer has time to accumulate some cash to apply to costs.
you is Do need a minute?.
Do you need a minute?
I is That’s right; made 50% more money by not doing the rehab..
That’s right; I made 50% more money by not doing the rehab.
I is know I was shocked..
I know I was shocked.
I is But discovered a brand new exit strategy that none of the gurus told me about and went on to do dozens of these deals..
But I discovered a brand new exit strategy that none of the gurus told me about and went on to do dozens of these deals.
A d is till d t d 22 l tAnd still do today, 22 years later..
A d till d t d 22 l tAnd still do today, 22 years later.
I is Recently, taped an all-day seminar on Work for Equity for the rst time ever, and I put in all the stu I learned in the 22 years since my rst Work for Equity deal..
Recently, I taped an all-day seminar on Work for Equity for the rst time ever, and I put in all the stu I learned in the 22 years since my rst Work for Equity deal.
You is now a have a chance to acquire my 22 years of experience in minute detail for a small amount of money, which will all be recaptured with the rst monthly payment you will not make on a vacant rehab waiting for a contractor to get done and a buyer to get qualied.Here’s what I covered:Which houses are the best candidates and who are the best buyers..
You now a have a chance to acquire my 22 years of experience in minute detail for a small amount of money, which will all be recaptured with the rst monthly payment you will not make on a vacant rehab waiting for a contractor to get done and a buyer to get qualied.Here’s what I covered:Which houses are the best candidates and who are the best buyers.
equity is Get either wrong, and work for will not work..
Get either wrong, and work for equity will not work.
your is Why after-tax prot can add another 20% to your net on a Work for Equity that you will always lose on a rehab..
Why your after-tax prot can add another 20% to your net on a Work for Equity that you will always lose on a rehab.
private money is How to borrow correctly to make sure you have no outgoing monthly payment, have at least $10,000 excess cash the day you buy and how to avoid deadly traps many investors fall into from lack of experience..
How to borrow private money correctly to make sure you have no outgoing monthly payment, have at least $10,000 excess cash the day you buy and how to avoid deadly traps many investors fall into from lack of experience.
You is have mine..
You have mine.
equity is Why work for is the perfect solution for all the subject-to deals you nd that need work and you don’t have the cash to x. What you should always do in the rst 30 days to have a secondary plan ready and what you may have to do in some cases to secure a buyer..
Why work for equity is the perfect solution for all the subject-to deals you nd that need work and you don’t have the cash to x. What you should always do in the rst 30 days to have a secondary plan ready and what you may have to do in some cases to secure a buyer.
I is How use work for equity to sell to investors even condemned houses and make three times what you’ll make on a wholesale deal..
How I use work for equity to sell to investors even condemned houses and make three times what you’ll make on a wholesale deal.
you is How lease option a sale with owner nancing, discussed in detail, the good, the bad and the ugly..
How you lease option a sale with owner nancing, discussed in detail, the good, the bad and the ugly.
value is How to determine the true, after-repaired in today’s market so you’ll know what to pay and what to sell for..
How to determine the true, after-repaired value in today’s market so you’ll know what to pay and what to sell for.
You’ll is get my formula to set your sales price to get maximum prot and not kill the sale..
You’ll get my formula to set your sales price to get maximum prot and not kill the sale.
a big work is How to build for equity buyers list in a hurry so you have several buyers to choose from before you and the house..
How to build a big work for equity buyers list in a hurry so you have several buyers to choose from before you and the house.
A Complete System is You’ll get the new forms to use on the countertop in the house, the sales letter to sell work for equity, a Q&A form for the buyer and step-by-step instruction how to nd and prescreen your prospects..
A Complete System You’ll get the new forms to use on the countertop in the house, the sales letter to sell work for equity, a Q&A form for the buyer and step-by-step instruction how to nd and prescreen your prospects.
A checklist is for your meeting with prospective buyers so you don’t forget anything..
A checklist for your meeting with prospective buyers so you don’t forget anything.
extra money above the rent is How to get to help your buyer build a down payment and my special down payment assistance agreement along with my special work for equity lease option agreement..
How to get extra money above the rent to help your buyer build a down payment and my special down payment assistance agreement along with my special work for equity lease option agreement.
a tenant buyer in a house is Don’t even think about putting needing work without this agreement..
Don’t even think about putting a tenant buyer in a house needing work without this agreement.
It is could be costly..
It could be costly.
you is How do think I know this?.
How do you think I know this?
FYI, is this agreement alone cost me $6,000 to get prepared and is worth far more than you’ll pay for my entire Work for Equity System Setting the time to complete the repairs, the repair list and agreement, how to monitor without personal visits, how to get paid to inspect and what to do if repairs aren’t done on time..
FYI, this agreement alone cost me $6,000 to get prepared and is worth far more than you’ll pay for my entire Work for Equity System Setting the time to complete the repairs, the repair list and agreement, how to monitor without personal visits, how to get paid to inspect and what to do if repairs aren’t done on time.
several buyers is How to process at the same time with a deposit from each contract taking the house o the market..
How to process several buyers at the same time with a deposit from each contract taking the house o the market.
It is t k 15 t t bl thi i l f d I i h I’d k b t it li Y t t iIt took me 15 years to stumble on this special form, and I wish I d known about it earlier..
It t k 15 t t bl thi i l f d I i h I’d k b t it li Y t t iIt took me 15 years to stumble on this special form, and I wish I d known about it earlier.
You is never want to sign a sales agreement to tie up your house until you’re about ready to close..
You never want to sign a sales agreement to tie up your house until you’re about ready to close.
You’ll is learn why in my system..
You’ll learn why in my system.
any bad credit is How to get cleaned so your buyer can qualify when the repairs are done..
How to get any bad credit cleaned so your buyer can qualify when the repairs are done.
It is will be done for you, and you’ll get paid to provide this valuable service to your client..
It will be done for you, and you’ll get paid to provide this valuable service to your client.
your credit is If needs work, you’ll hear from the guy who can x it, including foreclosures, bankruptcies, judgments, late payments, IRS liens and anything else..
If your credit needs work, you’ll hear from the guy who can x it, including foreclosures, bankruptcies, judgments, late payments, IRS liens and anything else.
your buyer is How to make sure gets new nancing and what has to be done along the way and why you’d better have a system or it’ll never get done..
How to make sure your buyer gets new nancing and what has to be done along the way and why you’d better have a system or it’ll never get done.
you is How can buy the materials in some cases to really ood your system with buyers and why you make more if you do it properly..
How you can buy the materials in some cases to really ood your system with buyers and why you make more if you do it properly.
your business is How to run so you win no matter what your buyer does even if they don’t buy or rehab the house..
How to run your business so you win no matter what your buyer does even if they don’t buy or rehab the house.
My 22 years of work is for equity experience has uncovered all the tricks of the trade and will save you a lot of years of mistakes..
My 22 years of work for equity experience has uncovered all the tricks of the trade and will save you a lot of years of mistakes.
you is Once truly understand my Work for Equity system, you’ll likely never want to do another rehab..
Once you truly understand my Work for Equity system, you’ll likely never want to do another rehab.
it is Frankly, just doesn’t make mathematical sense..
Frankly, it just doesn’t make mathematical sense.
You is may be wondering where your cash ow comes from if it took seven months to get cashed out..
You may be wondering where your cash ow comes from if it took seven months to get cashed out.
Ron, is But Where’s My Cash Flow?Here’s the answer:$20,000 for the private loan plus $10,000 set aside for repairs..
But Ron, Where’s My Cash Flow?Here’s the answer:$20,000 for the private loan plus $10,000 set aside for repairs.
I is $10,000 can use after the repairs are done by my buyer..
$10,000 I can use after the repairs are done by my buyer.
$21,600 cash is ow before I cashed out..
$21,600 cash ow before I cashed out.
I is $28,700 when cash out..
$28,700 when I cash out.
you is As can see, you won’t starve while you’re waiting to get cashed out..
As you can see, you won’t starve while you’re waiting to get cashed out.
you is What if had 10-20 of these deals with tenants all in the process?.
What if you had 10-20 of these deals with tenants all in the process?
You is see, you can do ve of these for every one rehab job..
You see, you can do ve of these for every one rehab job.
more deals, is That means less work, no contractors, no costly delays, no holding costs not covered by the tenant buyer, no checks delayed by the slow lenders and no haggling over the price.Proof ContentSale Page: https://www.ronlegrand.com/products/work-for-equity-order-form/Archive: https://archive.ph/meVBlDelivery Method– After your purchase, you’ll see a View your orders link which goes to the Downloads page..
That means more deals, less work, no contractors, no costly delays, no holding costs not covered by the tenant buyer, no checks delayed by the slow lenders and no haggling over the price.Proof ContentSale Page: https://www.ronlegrand.com/products/work-for-equity-order-form/Archive: https://archive.ph/meVBlDelivery Method– After your purchase, you’ll see a View your orders link which goes to the Downloads page.
Here, is you can download all the files associated with your order.– Downloads are available once your payment is confirmed, we’ll also send you a download notification email separate from any transaction notification emails you receive from esygb.com.– Since it is a digital copy, our suggestion is to download and save it to your hard drive..
Here, you can download all the files associated with your order.– Downloads are available once your payment is confirmed, we’ll also send you a download notification email separate from any transaction notification emails you receive from esygb.com.– Since it is a digital copy, our suggestion is to download and save it to your hard drive.
the link is In case is broken for any reason, please contact us and we will resend the new download link.– If you cannot find the download link, please don’t worry about that..
In case the link is broken for any reason, please contact us and we will resend the new download link.– If you cannot find the download link, please don’t worry about that.
We is will update and notify you as soon as possible from 8:00 AM – 8:00 PM (UTC+8).Thank You For Shopping With Us!.
We will update and notify you as soon as possible from 8:00 AM – 8:00 PM (UTC+8).Thank You For Shopping With Us!
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