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rental DEAL

Lucy Kenei

Joyful Homes Enterprise LLC in Durham, NC
Lucy Kenei with Walter Lagat

Seller walked up to my friends' house, they were neighbors and asked her if she could buy her house. My friend called me immediately and the next day I had negotiated and submitted an offer to purchase. I bought with a conventional mortgage, raised private money for 25% of the down payment. I did painting and minor repairs. I listed it with a property management company.

Rental Details

Property City:
Durham
Property State:
NC
Purchase Price:
$142,000
* 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?

I used the Deal Analyzer for Flips to help create an educated offer. This was my first deal.