2-family colonial in Madison, CT. Good SD and good location for rental. 2bed 1bath apt on both 1st and 2nd floors. Under contract 5.8.20. Purchase price $147,500. ARV $325,000. Estimated rehab $65,000. Purchase and rehab funded with Private Lending obtained through networking at the Long Island, NY REIA. Will refinance once the property is rehabbed and rented. Estimated gross monthly rent $3,000. The previous owner passed away and the children do not want the home. I was given the lead by a contractor used by colleagues.
How did the FortuneBuilders team and resources help you to accomplish this deal?
All of the training and support by FortuneBuilders continues to help me every day! Suggestions to join the REIA's, to build my team, etc., got me to where I am, which is now a confident investor!