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rental DEAL

Wes Hunt

Mercury Real Estate Solutions. LLC in Melbourne, FL

We found this home via a seller’s response to our Craigslist ad. The manufactured home was located on land and was on a permanent foundation. We purchased the home for $53K. We used a loan from a local credit union, put 20% down and the seller paid $3K towards our closing cost. We gutted and rehabbed two full bathrooms and laundry room, some plumbing, and electric added new carpet and paint for $17K. We started marketing for renters halfway through rehab and had a renter waiting to move in when rehab was complete. The home is currently rented for $1,150 + all utilities.

Rental Details

Property City:
Eden
Property State:
GA
Purchase Price:
$53,000
* 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?

The FortuneBuilders education program and networking opportunities gave us the push to find deals through marketing, and the awareness to recognize this deal, and the drive to follow through on closing, rehab and turning to rental.