Mike Banks

Moxie Property Solutions LLC in Liverpool, NY

Mike Banks with Sheree Falone Banks

We have forged an awesome relationship with a few agents and brokers in our market, who know that we will move fast on the "right deal". One of these agents, who we have done multiple deals with, gave us a heads up on a multi-unit which was about the hit the MLS. He gave us the first opportunity to see this property before it was logged into the MLS and before anyone else could view it. This property is in a much sought after area and had two tenants already occupying the units, what sealed the deal was the fact both units were well maintained and large for being two bedrooms. There were some minor repairs that were taken care of by the seller prior to closing. Our agent told us that this property was listed at least $30k lower than other comps in the area, so we put in an offer for the listing price that evening.

Rental Details

Property City:

Syracuse

Property State:

NY

Purchase Price:

$139,900

* 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?

FortuneBuilders systems have shown us how valuable it is to continually network with other real estate professionals and look at properties. Our confidence level has grown exponentially through the valuable information FB has provided. HML was just a three-letter acronym until we joined the FortuneBuilders family!