EP151: How a $60K Equity Deal Came from a Divorce and a TV Ad
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Narrated by:
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About this listen
In this episode of Properties to Profits, I walk through a recent deal we closed in Worthington, Ohio—a classic example of why real estate isn’t always about hitting home runs. Sometimes, it’s about solving a real human problem, creating long-term value, and positioning yourself to win years down the line. This wasn’t the flashiest deal, but it checked every box for us: great location, stable rental demand, and a seller who truly needed our help.
I break down the full numbers, the seller’s situation, and why we kept this property instead of wholesaling it. You’ll hear how we created $60K in equity, got two strong rental applications, and helped a seller walk away from a painful divorce with more money than he ever imagined. This is what real real estate looks like—messy, meaningful, and worth it.
Episode Timeline
[0:45] A single—not a home run—but a long-term win in a great zip code
[1:10] Helping a seller through divorce and creating $60K in equity
[2:22] Full breakdown: purchase price, rehab, refinance, and equity
[3:11] Two tenants lined up at $2,500/month in under 90 days
[3:28] Why we overpaid by $15K—and why it still made sense
[4:04] The seller’s reality: embarrassment, emotional fatigue, and letting go
[5:08] How he found us: TV ad → website → phone call → trust
[6:07] Why we loved the house: minimal rehab, great schools, B+ neighborhood
[6:33] Lender wins too: 10% annual return, full payback in under 90 days
[7:20] Property manager’s dream: clean rehab, low headaches
[7:41] Our Q4 game plan: 15 more just like this, scaling to 30 next year
[8:20] It’s not free real estate—but it’s the kind that compounds
[8:42] Playing the long game and stacking wins
3 Key Takeaways
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Not every deal is a slam dunk—some are quiet wins that grow over time.
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Helping sellers with real-life struggles creates trust and long-term opportunity.
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Playing the long game in the right markets leads to exponential gains.
Links & Resources
Follow me on Instagram: @realestatemike02
Subscribe to the Properties to Profits podcast for real-world deals, strategies, and lessons
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