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rental DEAL

Dawn Daido

Think Tank Investments LLC in Kaneohe, HI

The deals were purchased by our self directed 401K. Our first property, 4164 Arrowood Memphis, was a straight purchase, paid in full and the 2nd property, 4853 Northdale, Memphis was purchased with 50% down and using a non-recourse loan from Bridge Capitol for the remainder. We learned that conventional loans are not allowed when using a self directed 401K to purchase a home, and that our only loan option was the non-recourse loan. Both homes are part of our self directed 401k and have a positive cash flow. Both homes had tenants with 2 year contracts before we finished closing.

Rental Details

Property City:
Memphis
Property State:
TN
Purchase Price:
$207,800
* 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?

Thank you to Danika Aviano of the Passive Income Club and Ashley Tinker & Katie Fields from the Memphis Invest team for helping us put this deal together. Ashley would notify us when a property fitting our criteria would come on the market and Danika helped us finalize the transaction using our self directed 401K once we decided on a property. The following property details include both properties combined.