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rental DEAL

Michael Aldridge

Pinnacle Properties in Phoenix, AZ

We called upon the experts at Memphis invest to find us another rental. This is our 5th rental with Memphis Invest. This home was already rented so there was no downtime, we were cashing checks right away. In addition, MI usually has an escalation clause in their leases. In this case, year 1 rent is $950, year 2 escalates to $975. We funded the deal with our cash which was a portion of the proceeds from selling a commercial building in Phoenix a few months earlier.

Rental Details

Property City:
Memphis
Property State:
AZ
Purchase Price:
$119,900
* 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?

We simply notified our sales rep Marq Cobb at Memphis Invest and he was able to locate a property that fits our criteria within a few days. MI has an excellent team of salespeople, management, and closing coordinators. If you are looking for an easy, streamlined process you should give them a call.