Mike Korin Rental Deal

 

Mike Korin Rental Deal

Flow Home Solutions LLC in Falls Church, VA

I used the Realeflow mailing campaign. I only did one mailing and I bought this 4 unit apartment building. Interestingly, I was marketing for single family homes and not apartments. An investor-owned it and wanted to cash out to invest elsewhere. It cash flows very nicely. This apartment is 3 hours away from where I live and only 1 block from the beach. Since I want to spend more time in this area to invest I am turning one of the units into my office. The apartment still cash flows. I believe I will eventually renovate all of them and turn them into short term rentals. My rough math shows I will then double my profits. WIN!

Rental Details

Property City: Falls Church
Purchase Price: $160,000

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Case Study

How did the FortuneBuilders team and resources help you to accomplish this deal?

Fortune builders helped in many ways. It gave me the confidence to pursue investing rather than just thinking about it. Their Realeflow mailings work GREAT! One property manager told me they receive investor letters all the time and throw them away. But, they thought "I put a lot of time into writing mine" and wanted to hear what I had to say :) FortuneBuilders also did a deal review and I used their repair estimator. We are now in the rehab stage. Yesterday my contractor signed 5 of the 6 critical documents. Thanks, FortuneBuilders!