Akila Nayak

Coach Haven, LLC in Gaithersburg, MD

This is a tale of two types of real estate investment strategies in one property. The first being a buy and hold. The second is rehab and sell. The property was purchased as an REO with $25K down and a $200K loan. For the past 13 years, this property was a rental with positive cash flow from the start and an annual ROI of 10%. Because of the favorable sellers market, at tenant turnover, disposition of the property came into play. With a minor rehab, the property was under contract within a couple of days and closed within six weeks.

Rehab Details

Property City:

Suitland

Property State:

MD

Purchase Price:

$225,000

Repair Costs:

$20,000

Sale Price:

$333,500

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Case Study

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

Because of Fortunebuilders education, I was able to take the proceeds from the sale of the property and re-invest in commercial syndication real estate.