Danielle Butler Rental Deal


Danielle Butler Rental Deal

Platinum Dream Properties, LLC in Honolulu, HI

As the markets shifted during the pandemic, I pivoted my search to short term rentals. I purchased this property off the MLS from an out-of-state investor who had been losing money from the decline in tourism on Oahu. I bought it $30,000 below list price (approximately 32% below ARV), invested $6000 in some minor updates and had my first renter move in at $2000/month using AirBnB.com and my property manager to market for a 30-day renter. I used a private money lender for a quick and easy purchase, and I'm in the process of refinancing it for a lower interest rate and higher cashflow.

Rental Details

Property City: Honolulu
Purchase Price: $135,000

* 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?

The systems to analyze deals and the continued updates on how CT Homes is pivoting helped me to rethink what I was looking for and reminded me to follow my own investment strategies that work for my business. Thank you Fortune Builders!