Seema Gupta

Reviving Homes LLC in Cupertino, CA

Just closed on a "hold-and-AirBnB" deal. I knew this wholesaler (he is also an AirBnB expert and speaker at different real estate conferences) for last one year, he had a house he was rehabbing, however for some reasons, it took him double the time to rehab and his lender put the house in NOD(foreclosure). He reached out to me asking if I can buy the house from him to get him out of NOD and then we can together do AirBnB on this house to make good cash flow. I looked at it, ARV 600k, I got it for 500k, it's all fixed up. And now ready to do some AirBnB on this 4 bedrooms 3 baths house, should be able to make a return of 12-14% cash on cash if all goes well. If after 3 months we decide AirBnB is not working out then I put it back on market and pocket some money.

Rental Details

Property City:

Vallejo

Property State:

CA

Purchase Price:

$500,000

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Case Study

How did the FortuneBuilders team and resources help you to accomplish this deal?

This was possible because of awesome guidance from my coach Monaz Karkaria on a regular basis, she guided me what to look for how to evaluate and all. I am very thankful to FB community. This was my second deal in last one year.