Stephen Hoyle Rental Deal

 

Stephen Hoyle Rental Deal

SonCentered RealEstate LLC in Woonsocket, RI
Stephen Hoyle with Stephen C Hoyle III and Stephen C Hoyle Jr

This was our first deal. We had been talking with different realtors in the area to let them know what we were looking for. We got a call about a foreclosure property the next town over. We were all set with funding for the closing but 2 days before they backed out. We scrambled to find funding and found a 1st and 2nd just before closing. We ended up replacing most walls, plumping, electricity, fixtures, and appliances. The unit was originally a 2 family but now it's a 3 family. We also added central AC to each of the units.

Rental Details

Property City: Woonsocket
Purchase Price: $139,900

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Case Study

How did the FortuneBuilders team and resources help you to accomplish this deal?

I used the coaching to help with the original purchasing and rehab costs. I also went through the training again to apply it to the property.