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rental DEAL

Alicia, Brian & Nicholas Hilderman

Hildy's Enterprises, Inc. in Las Vegas, NV
Alicia, Brian & Nicholas Hilderman with Alicia, Brian & Nicholas Hilderman

Nick found this house and Alicia & Brian bought it with cash from the sale of the home on Ricky Lane and leveraged credit cards. This was a foreclosure on the market for 304 days. The house was a split level with 3-bedrooms on the main level and 1 in the lower with an attached 2-car garage. We rehabbed the project with oak 6-panel doors, new bathrooms up and down, new lighting, texture/paint, and carpet on both levels. Nick decided to buy the house after the rehab and rented the upstairs unit, which was enough to pay the PITI with some cash-flow and he lived in the lower unit of the garage for free.

Rental Details

Property City:
Menomonie
Property State:
WI
Purchase Price:
$115,759
* 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?

We used the education received to leverage our credit cards for the purchase and added the washer/dryer in the upper level so Nick could rent the whole 3-bedroom house including the kitchen, deck and living room. Nick kept the garage for himself and easy access to the lower level.