Sayam Ibrahim Rental Deal

 

Sayam Ibrahim Rental Deal

Viking Management Properties LLC in Columbus, OH
Sayam Ibrahim with Xavier Ibrahim, Amiel Ibrahim, Jonah Stevens

Great 9 unit rental acquisition we purchased from a Fortune builder student wholesaler! We purchased this property for $305,000 We spent $90,000 renovating the property We just refinanced the property and appraised value came in at $650,000 We refinanced 450,000 at 4.5% on a long term fixed rate and pulled 50,000 out tax free on the refi When we purchased rent roll was $2600 and we increased to $6300 (Over $3000 cash flow with $0 dollars in the deal)

Rental Details

Property City: Columbus
Purchase Price: $305,000

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Case Study

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

Found the deal through the Fortune Buillder Network. Bought it from a Fortunebuilder wholesaler who was a student. We used our systems and rehab skills learned from Fortunebuilders to get this project done from over 1000 miles away.