Ron Legrand – Turn $10 Into $10,000 In 30 Days

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Ron Legrand – Turn $10 Into $10,000 In 30 Days

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The economy wasn’t great, interest rates were high, and real estate was getting slaughtered in the news.

I’d just closed on the purchase of a house on Prospect St. on the westside of Jacksonville, FL, my home town.

The after-repaired value was about $80,000 with $10,000 in repairs. 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 was to rehab the house just as I’d done a couple of hundred times prior. I had the crews lined up, I knew the business, and it was just another deal.

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, I had someone put a sign in the front yard that said…

For Sale by Owner
Renovation Underway

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