Duan Calloway Sr.

Calloway Enterprise LLC in Louisville, KY

Duan Calloway Sr. with Georgetta calloway

We found this deal while driving for dollars in an area that we invest in. We noticed that the property had just been listed that day. After contacting the realtor and making an offer that wasn't accepted, we continued to follow the property and noticed a month later it was still listed and the price dropped. We resubmitted our same offer and it was accepted. The deal was funded through a hard money lender and our repairs were funded by a private money lender in the second position. All 4 of the one-bedroom units were remodeled with new appliances, flooring, painting, cabinets and interior doors. New vanities and toilets were also added to each unit. We also did some exterior painting and landscaping.

Rental Details

Property City:

Louisville

Property State:

KY

Purchase Price:

$80,000

* 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?

This was my first time using hard money as my primary source to fund a deal. So I used the core curriculum videos on hard money to have an understanding of hard money and how it works. And through watching the video training modules multiple times, I was able to even negotiate the percentages and points to my favor. I owe that credit to the FortuneBuilders training and systems to be able to understand the hard money deal and how it works.