FortuneBuilders

Terra Padgett Rental Deal

TAG Capital Holdings in Houston, TX
Terra Padgett with Gene Padgett

This Condo deal was purchased all cash with funds available through a SoloK. It was in very bad shape and we did some extensive repairs. Kitchen, Bedrooms, Bathrooms & Living area were all remodeled. We still look at the before and after photos and cheers to ourselves on being able to see the vision through the mess of what was.

Rental Details

Property City:	Houston
Purchase Price:	$44,000
Monthly Cash Flow:

* 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?

The trusty Deal Analyzer was key in deciding to make this purchase. Condo's usually have monthly association dues that are comparable to annual association dues in single family communities. Nevertheless, the numbers don't lie. With a 16.6% Cap Rate, this deal made lots of sense. Additionally, we never knew about accessing the capital in prior retirement accounts via Self-directed IRAs & Solo 401Ks until we started in the Fortune Builders community. A valuable tool for finding $$.

Terra Padgett Rental Deal