This was a property we originally were going to wholesale it. However, after looking at the numbers and discussing with our private lenders it would be stupid not to keep it. We literally bought this property and got paid $20,000 to keep it as a rental.
How did the FortuneBuilders team and resources help you to accomplish this deal?
We are always taught to evaluate the deal in all possible exit strategies before deciding what you will be doing with it. rnAlso, make sure to build strong relationships with your lenders and find out what other lending opportunities they’re interested in. rnYou’ll be surprised at how many different ways they’ll be willing to finance you if you have a strong bond with them. This little nugget came from the ignite event!rn