Duane Averill Rental Deal

 

Duane Averill Rental Deal

AT Property Group in Clifton Park, NY
Duane Averill with Christine Averill, Nathan Averill, Meghan Averill

Found this deal on Zillow. It was a dated house with a motivated seller. We put this deal together by offering cash with less than 30 days of closing and had the listing agent dual rep for us. We originally set out to rehab and sell the property, but found that renting the house provides a monthly cash flow for our business. We finished the flip, put a renter in place, then worked on a refinance to cash out on the improvements to pay back the loans.

Rental Details

Property City: Clifton Park
Purchase Price: $133,000

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Case Study

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

FortuneBuilders training helped us put together a deal that would make it most favorable to purchase. There were 10 offers on the first day this property hit the market and with the way we structured this deal, ours was selected.