Duan Calloway Sr. Rental Deal

 

Duan Calloway Sr. Rental Deal

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
Purchase Price: $80,000

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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.