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Tell Us About the Deal

Briefly describe your investment deal. This will appear on your credibility flyer. (required)

The seller of this property called us off one of our pre-foreclosure direct mail campaigns. The property needed a lot of work although it was located in a really nice neighborhood. The seller was behind on payments and owed more than the property was worth. We ended up negotiating a short sale with the bank and they accepted our second offer that we submitted.

We funded the deal using a private money lender who financed the entire deal. We ended up rehabbing the property and put about $40,000 worth of work into the house. The kitchen turned out beautiful and we opened up the kitchen so it flowed into the living room which made the house a lot more functional. When we finished the project we listed it with our Realtor we have used many times in the past. She ended up finding the buyer herself from a Facebook ad she placed. It was a very successful project and the house turned out beautifully. It was one of our best projects so far.

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

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

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

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

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Main Photos

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Property Photos

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After
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After

Deal Verification Information

Please upload at least one verification document. We require supporting documentation to publicly showcase student deals. These verification documentats are for INTERNAL USE ONLY, and will not be displayed publicly.

Buying HUD
or Closing Doc
Selling HUD
or Closing Doc
Copy of
Check or Wire

Affidavit

I represent and warrant that all my statements and examples, including but not limited to financial outcomes from the transaction, provided to FortuneBuilders and its students are true and accurate to the best of my knowledge, information and belief, and that I have a legal right to grant rights herein. Furthermore, I give my full and complete permission, without compensation or limitation to FortuneBuilders, Inc., to publish, display my Deal or related statements from me to use in print, electronic, or online advertising, marketing and promotional materials. This consent is granted for an undefined period. I understand and agree that FortuneBuilders reserves the right to shorten/edit/proofread submitted testimonials if necessary, where length and subject content are relevant. I hereby grant that I am over eighteen years of age, and competent to contract in my own name.
I have read this release and affidavit before submitting the attached deal profile, and I represent and warrant that it is truthful and accurate as stated above, and that I fully understand the contents of this release.