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rental DEAL

Katie Stoltz

Heaven Inspired Homes in Fort Pierce, FL
Katie Stoltz with Justin Stoltz

We found this deal on the MLS. They were asking $162,000 and we negotiated down to $155,000. We put 25% down and did a 30-year mortgage on the rest. rnAs we were fixing it up, someone who was looking at a house across the street for rent, liked our house better. So he signed an 8-month lease with us since he was moving after. rnWe accepted it right away as he not only paid all 8 months upfront but also for full asking which was $1400 a month. He is the nicest guy too so we were blessed! The mortgage is $1033 and lawn maintenance is $70 so we are in cash flow of $297 a month. We do not have a property manager yet. Once we get to 5 houses then we will discuss it. With lawn care taken care of and Justin being a good handyman, we are set for now.rn

Rental Details

Property City:
Port St. Lucie
Property State:
FL
Purchase Price:
$155,000
* 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 knew how to find a good realtor, what to look for, and what to ask. rnWe also learned the importance of contracts and covering ourselves. The repair estimator allowed us to go into the deal with the cost of what needed to be fixed. The training gave us the confidence to go for it! rn