Case Study Full Numbers January 20, 2026

$35K → 14 Deals → $140K Profit: The Complete Breakdown

This isn't a pitch. It's a forensic breakdown of every dollar spent, every deal closed, and every tool built to get here. Six months, zero employees, full transparency.

7x
Return on Starting Capital in 6 Months
$35K
Starting Capital
14
Deals Closed
$140K+
Net Profit

Month-by-Month Breakdown

JUL

0
Setup

AUG

1
$8.2K

SEP

2
$19K

OCT

3
$28K

NOV

4
$38K

DEC

4
$47K

Deal flow accelerated as systems matured. December matched November despite holidays.

Where the $35K Went

Category Amount % of Capital ROI
Google Ads $14,200 40.6% 6.2x
Content/SEO $3,800 10.9% 4.1x
VA Team (2x20hrs/wk) $4,800 13.7%
Software/APIs $2,100 6.0% Critical
Legal/LLC/Insurance $3,200 9.1% Required
Reserve/Misc $6,900 19.7% Buffer
TOTAL $35,000 100% 7x overall

The Marketing Funnel (Real Numbers)

Google Ads Performance

Total Spend$14,200
Total Leads847
Cost Per Lead$16.76
Qualified Leads203 (24%)
Deals Closed11
Revenue from Ads$88,400
ROAS6.2x

Offer Check Tool (Organic)

Total Spend$0
Total Checks156
Leads Captured89 (57%)
Qualified Leads34 (38%)
Deals Closed3
Revenue$51,600
ROAS

The Offer Check tool has the highest conversion rate because these sellers are already skeptical of a competitor's offer. They're pre-qualified and actively shopping.

The Tech That Made It Possible

Every tool below was built in-house. Total monthly cost: ~$100. Comparable enterprise software would cost $2,000+/month.

Lead Intake Worker

Receives leads from 7 sources, enriches with property data, posts to Slack in <500ms

$5/mo
🛡️

Offer Check Engine

Grades competitor offers, detects predatory pricing, captures leads from verification

$5/mo
🤖

AI Analysis (Claude)

Scores every lead, generates objection scripts, recommends approach strategies

~$30/mo
🏠

Property Valuation API

Multi-source estimates (Zillow, Redfin, RentCast) with confidence scoring

$49/mo
💬

Slack CRM

Entire deal pipeline runs through Slack channels. Replaced $150/user Salesforce.

$0/mo

What Actually Drove Deals

After analyzing all 14 closed deals, here's what mattered:

1. Speed to First Contact

Leads contacted within 5 minutes had 3x higher close rate than those contacted after 1 hour. Our Slack notifications + mobile access made this possible.

2. Transparency as Differentiation

8 of 14 sellers specifically mentioned our "honesty" as why they chose us. The Offer Check tool positioned us as the "good guys" before we ever spoke.

3. Partnership Model > Cash Offers

11 of 14 deals were partnership/novation, not cash. Sellers wanted 85-95% of value, not 60-70%. Our tech made the complex partnership math simple to explain.

4. AI-Prepared Calls Win

Having objection scripts ready BEFORE the call — generated by AI based on lead details — dramatically improved conversion. No more "let me get back to you."

What Failed (Transparency)

❌ Things That Didn't Work

Not everything works. The key is cutting losers fast and doubling down on winners (Google Ads, Offer Check).

The Unfair Advantage

Why did this work when most new investors fail?

Technology as a moat. While competitors use spreadsheets and sticky notes, we have real-time AI analysis, instant property valuations, and automated lead scoring. Our newest team member has access to systems that took months to build.

The same technology that powers this operation is now what we sell to other businesses. The real estate company proved it works. Now we're packaging it.

What's Next

The goal for the next 6 months:

The real estate business funds the tech company. The tech company makes the real estate business better. Flywheel effect.

Want the Same Tech Stack?

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JE
Justin Erickson
Founder, PropTechUSA.ai & Local Home Buyers USA
🌙