Eric Howell Rental Deal

 

Eric Howell Rental Deal

Tried N True Home Solutions in KERNERSVILLE, NC
Eric Howell with Lori Howell

We found this rental by an agent referral. Its a housing voucher home with 100% of the rent paid by the government. All main systems except for A/C are new. With an existing long-term tenant. We purchased with private money and was able to 100% Rifi 5 weeks later. It is projected to pay off in 5 years. Love Passive income!

Rental Details

Property City: Winston Salem
Property State: NC
Purchase Price: $40,000

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Case Study

How did the FortuneBuilders team and resources help you to accomplish this deal?

Finding a bank to 100% Rifi was a challenge. I talked to around 8 banks and the majority said yes but I had to season the property for 6 months. The network helped to keep me moving in the right direction.