Josef Koller Rental Deal

 

Josef Koller Rental Deal

One Legacy Investing, LLC in Arlington, VA
Josef Koller with Darcie Koller

I was looking to invest part of my solo-k savings into a rental property. After weeks of market analysis and watching comparable sales and rentals, a wholesaler brought the property to my attention. It looked very promising and I closed two weeks later with cash. We completely renovated the unit and rented it at the top of the market shortly thereafter. The HOA manager was truly impressed with our first renovation and is now frequently referring us to potential sellers in the same building. We are in the progress of taking out the equity, refinance it and purchase our second unit in the same building.

Rental Details

Property City: Alexandria
Property State: VA
Purchase Price: $135,000

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Case Study

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

What was essential in the success for this first renovation were frequent phone calls with my passive investor coach. Online tools for developing Statements of Work and assembling critical documents were very useful and beneficial.