Paul Grantham

Promenade Homes LLC in Kent, WA

Paul Grantham with Annelaraine Olivares

We landed this deal shortly after reaching out to the Passive Income Club. One of our goals was to acquire passive income properties to help supplement our income, grow our retirement portfolio, and to leave a legacy. The Passive Income Club definitely helped us accelerate our learning and opened up new doors for us. We worked closely with Danika in determining what our goals were and how we can reach them. She connected us with professionals at Jacksonville Wealth Builders, JWB, and we brainstormed on what property would be ideal for us investing in another market. The property is a newer home that recently undergone renovation and is located in a nice area. Moreover, JWB had secured a resident that had already signed a new lease and they were ready to sell the property to investors like ourselves. We could not have asked for a better team!

Rental Details

Property City:

Jacksonville

Property State:

FL

Purchase Price:

$135,000

* 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?

I have to provide a little background to help paint the picture of how we landed this deal. We are hopeful this will help our community to learn from our journey thus far. We recently joined Fortune Builders in February 2019 and closed on our 1st rental property locally in Washington state in September. We have been actively seeking additional properties since then and had another one under contract while we were attending last year's San Diego boot camp and Las Vegas Ignite. Unfortunately, we lost ~ $20K with that deal as we could not secure the gap funding needed to close in time. We did everything we could as new investors to make the deal work - sought guidance from coaches and more experienced investors, did our best to implement the strategies, etc. In the end, it was a great learning experience for us, we've learned a lot, and adapted our practice to help us reach our goals.