David Patterson

Reliable Property Solutions in Swisher, IA

David Patterson with Kathy Patterson

Commercial Property, Set up as a duplex, 1 side 4 BR, 1.5 bath currently occupied by long term tenant at $1,200 a month, other side is 5 rooms all currently rented at $300.00 per room; wherein they all share common kitchen and 2 bathrooms with coin operated washer and dryer in basement with yields over $100.00 a month. Discovered deal through MLS and currently under contract subject to current rehab selling., which will go on the market 15May21.

Rental Details

Property City:

Cedar Rapids

Property State:

IA

Purchase Price:

$200,000

* 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?

Teaching me how rehabs are just to get us the profit to use as the down payment for rentals to create residual income to actually retire on and the power magnified in commercial properties.