Featuring David P. – Springfield, Missouri
1 Door Property Turns into 79 Doors of Cash Flow
From military to millionaire! David Pere started real estate investing in 2015. With Freedom Properties, his veteran-owned company, David loves revitalizing Southwest Missouri through buying rental properties. David’s family has called Springfield, Missouri home for over a century.
His motivation: “I want to give people a simple and positive home selling experience so that they can sleep peacefully at night.”
Here’s how this Marine veteran netted 4 deals with 1 seller and 1 mailer…
The seller was looking to retire from being a landlord in the Southern Missouri area and move to Florida. He received one piece of mail from Freedom Properties on a single-family home.
David ended up getting more than just that single-family home though! After numerous negotiations, the seller ended up selling 4 properties totaling 79 doors to David and his business.
The purchase price which totaled over $2 million included a 40-unit hotel, a 23-unit apartment, a 15-unit apartment, and that original single-family home.
After a year of cash flowing from the SFH, it is under contract for $70k. The two apartments are also turning great profits. And the hotel is heading into the busy season with 20 newly updated units and a new online presence ready to be tested out.
- Purchase price (SFH): $50k
- Resale Price (SFH): $70k
- Net profit: $20k
- How many letter sent: 2700
- The list: Absentee properties with equity
- Mailing piece: The Deco Letters