John Sosa

HIVE Home Capital Holdings in Newark, NJ

I found the deal by working with Fortune Builders Passive coach Michael Johnson and the great folks at JWB Real Estate Capital in Jacksonville, FL. Through JWB, I'm financing a total of 5 single-family homes in the Jacksonville area and am well underway of building my passive income portfolio. I consolidated all of my previous corporate 401K's into a single Solo K which then allowed me to purchase real estate as a non-traditional asset.

Rental Details

Property City:

Jacksonville

Property State:

FL

Purchase Price:

$50,000

* 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?

After having a strategic conversation with my passive investment coach I was able to map out a long-term plan that would put me on the path of financial freedom. The Fortune Builders team allowed me to review an array of properties via evaluation sheets in several target markets and after a week of doing my due diligence, I decided to invest in the Jacksonville, FL market. rnrnOne key accelerator that the FB team walked me through is their C3X Model - the main benefit of this approach is paying off your leveraged debt with the excess cash flow to eliminate debt/interest paid & increase your monthly cash flow from your income properties. Basically, using the extra monthly cash flow coming in from my other 4 rentals to pay off my least expensive house through additional principle payments. All things being equal, this has me paying off my first property in 7 years; and by repeating the process with the other homes, will have me paying off all 5 properties within 12 years. rn