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rental DEAL

Duane Averill

AT Property Group in Albany, NY
Duane Averill with Christine Averill, Nathan Averill, Meghan Averill

Found this deal on Zillow. It was a dated house with a motivated seller. We put this deal together by offering cash with less than 30 days of closing and had the listing agent dual rep for us. We originally set out to rehab and sell the property, but found that renting the house provides a monthly cash flow for our business. We finished the flip, put a renter in place, then worked on a refinance to cash out on the improvements to pay back the loans.

Rental Details

Property City:
Clifton Park
Property State:
NY
Purchase Price:
$133,000
* 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 training helped us put together a deal that would make it most favorable to purchase. There were 10 offers on the first day this property hit the market and with the way we structured this deal, ours was selected.