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rental DEAL
Robert Brown
WheelHouse Homes, LLC
in Virginia Beach, VA
Robert Brown with Drew Brown, Darlene Urbanski
We did a voicemail/text campaign to get in touch with the seller. He was motivated to sell this property in order to free up some capital and start investing in another city. We did a traditional mortgage to finance the deal, with an additional amount built into the loan to pay for repairs. The only repairs that needed to be done immediately were to drain some standing water in the crawl space. This unit has a tenant with a lease due to expire in Oct. We will offer them a new lease with our company at that time and increase the rent to reflect current market conditions
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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’
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Case Study
How did the FortuneBuilders team and resources help you to accomplish this deal?
Our mento/coach Jo Pascarelli offered lots of advice and insights to help us land this deal.