We are working with a 1031 exchange. The tenant in our rental property in Los Angeles decided to move after 5 years and we renovated the home to todays market standards. The home sold with a quick 21 day escrow and $176k over asking, allowing us to purchase 8 out of state properties. For this duplex, no repairs were made as both units have tenants in place.
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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’
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How did the FortuneBuilders team and resources help you to accomplish this deal?
Fortune builders taught us how to look for properties (market) as well as interview property management. This worked great in today's market as not a lot of inventory and some deals fell through and we were able to identify the properties in the time needed to be able to work with the 1031 exchange.