Denille Halstead Rental Property Deal

Rental Property Details

Property City: Philadelphia
Property State: PA
Purchase Price: $32,500

* These examples depicting income or earnings are NOT to be interpreted as common, typical, expected, or normal for an average student. Although we have numerous documented successful deals from our coaching students, we cannot track all of our students’ results, and therefore cannot provide a typical result. You should assume that the average person makes little to no money or could lose money as there is work and risk associated with investing in real estate. The students depicted have participated in advanced FortuneBuilders’ training and coaching. The participants shown are not paid for their stories; however, some of the students depicted may also be a FortuneBuilders' coach, and our coaches are compensated for their services. We believe in full transparency, so please read our Earnings and Income Disclaimers and Terms of Use.

Case Study

How did you find and structure the financing of this deal?

I found this deal on he mls. I used a hard money loan to finance then working on the mortgage at this time

Provide a summary of the repairs and improvements you made to the property.

New kitchen, bath, roof, heater. We also had to replace the joist in kitchen and back laundry room. This was unexpected.

How did you find a buyer for the property if you sold it?

We rented the property. Did a background check, credit check, eviction check, had a rental application. We posted on all the major sites

What are some of the major lessons learned that you would like to share with other students that they can learn from?

Your contractors can make or break you. Do not do any deals without your six critical document because they saved us. The contractor placed us on the back burner. Our project was supposed to be 6 weeks. Ended up being 12 weeks.

Shout Outs & Testimonials

We never thought this was possible. It so great to have coaches to help and support in good and bad times.

Before & After Photos