Clarence & Carolyn Bowdry Rental Deal

 

Clarence & Carolyn Bowdry Rental Deal

CSB Homes, LLC in Champaign, IL
Clarence & Carolyn Bowdry with Satwan Bowdry

We found this rental property on Zillow. This was the second time the property was listed on the market for sale. The seller was very motivated to sell. It was listed for 114k and was assessed at 146k. We were able to acquire it for 107k. We decided to turn this home into a rental property because it was located in a rentals market. We put $2600 into repairs. It rented within three days for $1100 per month.

Rental Details

Property City: Champaign
Purchase Price: $106,984

* 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?

Through the FortuneBuilders resources it helped our team learn how to evaluate a rental property.