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rental DEAL

Marla Moody

Integrity First Properties in Orlando, FL

I found this property through the MLS working with a Realtor who searches distressed criteria in my zip codes. The property has been used as a rental unit for 40 years and they were tired of dealing with the hassles. It was a cash-only purchase. I had a private investor underwrite 85% at 2.5%. The property has two structures and a total of three rental doors. A 1350 sq ft traditional house in front and building in back with 2 small units which are furnished and renting them over market value to traveling nurses. There is a line of applicants wanting to rent these units. There were back-to-back appointments to see the property on the first day. The sellers picked my offer, not because it was the highest, but because of the endorsement of my Agent. The selling agent and my agent were in the same brokerage. They do talk off record. That worked to my advantage.

Rental Details

Property City:
Winter Park
Property State:
FL
Purchase Price:
$410,000
* 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?

I would not have gotten this property without the influence of FB. I was coached on various aspects of how to get the property, how to find contractors for repairs, and even finding the property by having an agent run the search on the MLS with a list of distressed options. The confidence of knowing I can get a coaching call when I have questions. That confidence and the knowledge gained let me get the deal.