Jeff Cox

Dogwood Real Estate Solutions in atlanta, GA

We put this property under contract in June of 2019, just 7 months after joining FortuneBuilders. This deal was 100% leveraged, the bulk being funded by a local community bank, and the gap with private money. We quickly analyzed the best exit strategy. Do we renovate the existing home or create significant value add with a 1000 SQFT addition? While in DD, I made 2 trips down to the zoning office with the survey in hand to make sure we could add 1000 SQFT and stick within the required zoning guidelines. I had two conversations with two separate plan reviewers. Both gave me the green light.

Rehab Details

Property City:

Atlanta

Property State:

GA

Purchase Price:

$255,000

Repair Costs:

$165,000

Holding Costs:

$5,000

Sale Price:

$630,000

* 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?

FortuneBuilders gave me the understanding of leveraging capital and presenting myself properly to potential lenders. This deal was fully funded by a traditional community bank and private capital. Yup, 100% leveraged!