Derek Meyers Rental Deal


Derek Meyers Rental Deal

San Diego, CA

This investment deal was a turn-key rental property purchased through the Passive Income Club and Memphis Invest. Every single aspect of this purchase was seamlessly handled through emails and a few quick phone calls. Passive income could not get any more passive! The rehab was completed during the acquisition process and the tenants moved in on the same day as I closed on the property with a two year lease and increasing rent in the second year! BOOM - Cashflow!

Rental Details

Property City: Memphis
Property State: TN
Purchase Price: $89,900
Monthly Cash Flow: $241*

* 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 rental property?

The deal was funded through tra ditional financing with a 20% down payment.

Shout Outs & Testimonials

Working with PIC has been awesome. Shout out to John Blackburn, my Passive Income Specialist here at FortuneBuilders, for facilitating the whole process and helping me strategize and develop of my passive income portfolio. Thanks John!