Lets Connect!

Case Study: Greg Fridzon

Article writer - David Saba image

Many investors have made significant profits; one of them is Greg Fridzon.

Real estate remains one of the best industries globally. However, it is also one the most delicate investment. The capital that is pumped into the investment is enormous, and therefore one has to make sure that profit is made. Many investors have made significant profits; one of them is Greg Fridzon.

Greg bought a house in Miami for $59,000; he later renovated the house at a cost of $24,000. This means the house ended up costing him $83,000. Greg sold the house for $135,000. In 72 days, Greg made $52000 in profits after he sold the house. Greg is a bright investor; he knew what to buy, where, how much, and what he was supposed to make from the investment.

Lack of enough capital is a major challenge for most investors. This is made worse by the fact that no financial institute will come in especially as a starter. In most cases, the left option is getting financial assistance from people you can trust. In this case, Greg opted to seek his brother's support. Financial discipline is vital when it comes to trust and in agreement with this; Greg made his profit and paid back the money with an interest of 30%. This is close or maybe less than what he would have had to pay to the financial institute.

In most circumstances investors go for new construction. Unknown to many, however, buying and selling old homes may be the new gold mine in town. Greg bought the house from AssetColumn member Mark Sanders, who purchased it for $52,000 29 days before. Mark made a quick $7,000 in the flip.

When Greg sold that house and made that profit, he was also surprised how easily he made the cash. In fact, not all this houses needs thorough renovations, and that means less money spent on it. Additionally, investors who have invested in this kind of business have their companies thus making it cheaper for the repairs. With their own companies, they are sure of less costly repairs.

Leave a Comment

Want to leave a comment, create your own articlesand many more benefits?


Henry Kretchmer May 23, 2020

Just signed up. Realy enjoyed the article. I liked the way you explained the wholesaling process. Siple and to the point. I know there are more moving parts but this is a great way to explain it to a new person. Then you can go back and fill in the other pieces. Many investors try to explain the whole process which is way to involved for a new investor.

Reply 0 0 replies to this comment

Create a free account to leave a comment.

Featured Article

Related Articles

How to Get Started Flipping Houses


June 30, 2016

Difference Between Tax Liens and Tax Deeds


May 31, 2016

Free Tools To Determine A Property's Fair Market Value


May 19, 2016

Buying Real Estate Using the "Subject To" Method


May 16, 2016

Cash on Cash Return Formula and Definition For Real Estate Investors


May 6, 2016

When The Seller Says No To Your Low Offer


May 3, 2016

A Brief Introduction to Land Trusts


May 3, 2016