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rental DEAL

Noah Harris

Revive Homes LLC in Columbia, SC
Noah Harris with Christy Duckett-Harris

We found this property using our MLS offer system. Using the MLS offer systems we able to cast a large net and make verbal offers of 70-80% of asking price on every home in our targeted zip code. This property was in probate. It did not need any repairs at the time of purchase. We own a property management company so we had the tenants lined up and management in place.

Rental Details

Property City:
Columbia
Property State:
SC
Purchase Price:
$30,000
* 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 the FortuneBuilders team and resources help you to accomplish this deal?

The FortuneBuilders cash flow analysis template helped us analyze the deal. We always use systems whenever we can. We bought this property with funds from a previous flip that we sold. Prior to buying the property we put our flip profits into our whole life insurance policy, then immediately borrowed the funds from the cash value of our life insurance policy. We pay back our policy loan in the same amount that a 30 mortgage would have been. This allows us to secure a legacy for our children with cash flow and a large lump sum.