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rental DEAL

Sayam Ibrahim

Viking Management Properties LLC in Davie, FL
Sayam Ibrahim with Xavier Ibrahim, Amiel Ibrahim, Jonah Stevens

Great 9 unit rental acquisition we purchased from a Fortune builder student wholesaler! We purchased this property for $305,000 We spent $90,000 renovating the property We just refinanced the property and appraised value came in at $650,000 We refinanced 450,000 at 4.5% on a long term fixed rate and pulled 50,000 out tax free on the refi When we purchased rent roll was $2600 and we increased to $6300 (Over $3000 cash flow with $0 dollars in the deal)

Rental Details

Property City:
Columbus
Property State:
OH
Purchase Price:
$305,000
* 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?

Found the deal through the Fortune Buillder Network. Bought it from a Fortunebuilder wholesaler who was a student. We used our systems and rehab skills learned from Fortunebuilders to get this project done from over 1000 miles away.