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rental DEAL

Michele Williams

Greenheart Holdings, LLC in Lake Peekskill, NY
Michele Williams with Anthony Williams

I found this house on the MLS in March. It was right behind another house that we own. This will be the first single-family house that we're going to hold for a year or so and collect rent until the neighborhood comes up just a little more. We're going to put some work into it so we can get a good tenant. We're also going to update it a little more then sell it for top price. The area is just getting better and better!

Rental Details

Property City:
Newburgh
Property State:
NY
Purchase Price:
$75,000
* 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 were into a contract with this house before we joined FortuneBuilders. After hearing about wholesaling we thought that we could do that to this house, but through the Deal Analyzer we found out that it would not really make a good deal for a wholesaler at this time. When we put it on the deal analyzer for rents, it worked out nicely. We are following our coaches recommendation to rent it and then fix it up better and sell it. We paid all cash for this deal with our own money. We are going to take the equity out and use that to buy more houses.