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rental DEAL

Charles Hotaling

TAC Quality Homes, LLC in Latham, NY
Charles Hotaling with Tina Hotaling

Found property through a prior client my wife had helped purchase this very same house. They were buying a larger home due to needing more space as their family had expanded. The seller had already found a home to purchase and agreed to sell to my wife and I. This helped him move into his new home quicker as he did not have to list the house. We are going to rent to my wife's mother who has always dreamed of living in a single-family home. She has always lived in 2 family rental prosperities. Thus we fulfilled my mother in law's dream and helped us expand our rental property portfolio.

Rental Details

Property City:
Watervliet
Property State:
NY
Purchase Price:
$109,000
* 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?

We utilized the rental deal analyzer to help us run our numbers on the purchase and calculate the the cap rate.