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

* 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?

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.