ALEJANDRO TOMADIN

RE HOME SOLUTIONS LLC in Hollywood, FL

ALEJANDRO TOMADIN with Alex Tomadin & Carmen Penaloza

This property was part of a 3 property portfolio purchase. We wholesaled 2 of them, and kept this property because it had the most living area, and we could add a 4th bedroom to increase the Section 8 rental standard rate. A $22,000 light rehab for section 8 standards was done. It was bought with 20% company funds and 80% private money. We could have funded the whole deal with private lenders but the initial lender we were working with to refinance the property, didn't understand our business model and asked us to have 20% skin in the game before refinancing. Using another lender we should be cashing out $62,000 after repaying the private lender. COW!!!!

* 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

ALEJANDRO TOMADIN

RE HOME SOLUTIONS LLC in Hollywood, FL

ALEJANDRO TOMADIN with Alex Tomadin & Carmen Penaloza

Rental Details

Property City:

Fort Lauderdale

Property State:

FL

Purchase Price:

$205,000

Case Study