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rental DEAL

Robert Machi

Pawsitive Property Solutions, LLC in Staten Island, NY

On May 28, 2021, we closed on our second purchase of cash flowing portfolio of 8 single side-by-side unit townhomes (2 lots with 4 units on each lot). We now have a total of 17 doors and we're really excited about that. Our main job now is to reach our initial goal of 90 total doors. We received a seller concession for future repairs as well as to subsidize the units having below market rents. So we will also be able to increase those rents to market value in the coming years which will give us an even higher CoC!

Rental Details

Property City:
Port Vue
Property State:
PA
Purchase Price:
$570,000
* 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?

This is all thanks to Fortune Builders, the techniques we have learned, the mindset and the people we have met, especially the Feb 2020 bootcamp in Baltimore. The knowledge and relationships have been life-changing. My wife, Pam, and I (and our 4 pups) joined FB Inner Circle in Oct 2019. From Day One, this community has been amazing. We were following the curriculum, viewing properties, making offers, doing coach calls, etc. Then Covid hit and our new rehab business came to a screeching halt which really threw us off our game. So we pivoted and are now focusing on building a Buy&Hold portfolio in rental markets that are more landlord-friendly than our home state of NY...places where the landlords are more protected.