Aline Sevigny Rental Deal

 

Aline Sevigny Rental Deal

Prime Shield Home Investments in Portsmouth, VA

One more Wholesaler deal that we put under contract within 36 hours after receiving the lead… This brand new Wholesaler had a contract on a Short Sale that fell through twice. She was about to lose her contract on the house when we came through! She contacted another Wholesaler to try to find a good Buyer; well, I met him twice during our local REIA meeting set up by our local coach and he gave me a call. I had to educate them on the purchase price for a Buy & Hold (Rehab was not an option since the ARV was only at $150,000 and they had the house under contract for $107,000… after negotiation, we settled at $113,500. With minimal cosmetic renovation completed, we closed after a month of holding by her company. Our fifth property!

Rental Details

Property City: Portsmouth
Purchase Price: $113,500

* 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?

Shout out to our coaches for having such a powerful and quality local REIA! Jo Pascarella has her heart on her hand ready to help young investors, even if they’re not from FortuneBuilders! If you don’t know her, book a call with her and you will see what I mean! Thank you FortuneBuilder for such an amazing and comprehensive curriculum! Starting from scratch in the realm of real estate, working full time (and additional hours) and building a real estate investment company on my own. I was able to get my real estate license, set up my website, social media, and hire a Virtual Assistant in the first year. The second-year I completed a big $80K rehab and after 2 ½ years, I just closed on 4 properties in 1 month and I’m about to close on another one that I’ve been working on for the past 7 months!