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rental DEAL

Dale Emery

All Purpose Property Solutions,LLC in Flint, MI

I purchased a rental that needs to be rehabbed . The purchase price was $5,000.00 plus back taxes and closing costs for a total of $9,200.00. The property was valued at around $21,000.00. I am planning on rehab costs to be 30-40K. I funded the purchase with my personal money and am looking to get lending for the rehab. The unique issue with this property was the address had 2 parcels on it. This was found during the title search. The seller had purchased the property at a tax auction but only purchased the parcel the house and garage were sitting on. Landbank owns the other parcel and I have submitted paperwork to purchase it for $100.00.

Rental Details

Property City:
Flint
Property State:
MI
Purchase Price:
$47,000
* 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 found the property driving for dollars with an investor friend of mine. Attending the Bootcamps, utilizing the coaching and the training resources from the FortuneBuilders site was instrumental in me acquiring this property. Special thanks to my coaches Chad Tate and Mike Haas for giving me direction to getting my first deal. Chad's inspiration and coaching techniques are just what I need. I always look forward to every coaching call I have with him. Mike keeps me grounded and helpful in giving me direction to get my marketing off the ground. Keep Crushin It!!!