Episode 348: Kristen Allen - How She Scored a $33k Deal A Student Success Story

In this podcast, Kristen Allen shares her inspiring success story in real estate wholesaling. She discusses her journey as a probate investor, from overcoming hesitation to consistently working leads, which led to closing a profitable deal. Kristen shares details of a house flipping venture where she recouped her $36,000 investment and netted a $30,000 profit, totaling $73,000 in revenue.

She emphasizes the importance of building rapport with sellers and shares how she secured a deal by offering additional assistance. Kristen also discusses a successful house flip in Chesapeake, Virginia, where she partnered with a joint venture investor to purchase, renovate, and sell a distressed property for a profit of $33,000 in just two and a half months.

Throughout the podcast, Kristen highlights the importance of preparation, building relationships, trust, and persistence in real estate investing. She offers valuable advice for new investors, encouraging them to stay positive mentally and be prepared with paperwork and outside partners.

Key Takeaways:

ā€¢ Kristen Allen's real estate wholesaling success: hard work pays off.

ā€¢ Building rapport and offering assistance seals deals

ā€¢ House flip: $73,000 revenue, $30,000 profit after investment

ā€¢ Acting fast on referrals and joint ventures speeds up processes.

ā€¢ Handling surprises like bedbugs, negotiating price reductions. ā€¢ Partnering with joint venture investors for distressed properties.

ā€¢ House flips benefit sellers, investors, contractors, agents, and buyers.

 

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