Jonathan “Legacy” Perez and Patricia Kaniowski
I inherited a small industrial building and managed it for 17 years. We just sold it in a 1031 exchange. We used the proceeds from the sale as a down payment for the 6 units in Memphis, TN. I found an awesome mother/daughter team of realtors who found us for the units, and we bought…
Nick was busy again and found a great deal that Alicia and Brian purchased using Finance of America for the first time. The ranch-style home was a 3-bedroom, 2-bath, with a 2-car attached garage. Running the comps, we knew we had bought a house that had $25 to $30,000 in equity. With 2-bedrooms downstairs, we…
A wholesaler sent us this deal, the listing stated that it had damage from hurricane Michael from October 2018 and had already been gutted to the studs. We replaced the roof, insulation, drywall, flooring, all interior doors, all light fixtures, a broken window, removed the few fence posts that survived the storm, and cleaned up…
I acquired this distressed property via a real estate agent that I met on Zillow. The deal was funded with a hard money lender and the gap funding was from my personal savings. The kitchen and master bath were extensively remodeled. Hardwood flooring was used throughout the downstairs of the house and a new carpet…
This property was acquired through a Sherriff's Sale. The house needed significant cosmetic repairs. The structure was good, but we put new siding on the house. Inside we opened up the first floor and added a half bath. Upstairs we gutted the bathroom and installed everything new. We also installed all new flooring. The House…
Palmdale, a city in the northern part of Los Angeles County, is steadily increasing in population. This deal was found through a marketing and communication campaign. 80% of the funding was through hard money from our partners at Sunset Equity in Los Angeles and the members of the LLC provided the 20% down in cash.…
We found this property on the MLS. We were able to negotiate and get the property for $25,000 below our original offer once we presented the seller with the repair estimator for a total of $50,000 below asking! That was exiting! It was a rental for an out of town owner who was tired of…
This condo was purchased from an owner who inherited it after his mother passed. He was going to keep it and started to rehab (full gut) but he, unfortunately, had a heart attack during the demo and decided to sell the condo instead. We made an offer and finished the rehab. It came out really…
We work with a local real estate agent who specializes in investment properties and together we found this property. It was in a very nice and quiet neighborhood, however, the home had been neglected. The property was not maintained by its owner so the repairs were mostly cosmetic and minor repairs. We repainted, put in…
In June, at the Internet Quickstart Bootcamp, during an exercise, I called a Craigslist listing and "met" Rose from a wholesale company in my area. Thru her, I acquired my first deal on August 2nd. This purchase was funded by a HELOC on our house. The property was advertised as cosmetic repairs only but it…
We purchased a 2BR, 1BA single-family home from a mother who lived 750 miles away from the property. The mother's son lived in the house for years, but after becoming an alcoholic and falling behind on his mortgage payments, the mother decided to relocate the son to live with her. The house had significant smoke…
Alicia found this house on Craigslist and contacted the seller directly. I was intrigued by the deal as the seller was willing to finance the deal under a land contract with 10% down. After, driving to Barron and checking out the city and neighborhood, I knew I was ready to do a deal as this…
We’ve driven by this vacant lot for several years before it occurred to us to call the FSBO sign on the property. We did and ending up coming down on her proposed price by $5K since it was something left by her mother who had passed. We found a contractor in the area who already…
This deal was brought to us last year and we decided to walk away from it. The house was a hoarder house mess on a busy street. The owner inherited this mess from his uncle. Dave was directed to us through our local network. At first, we were busy finishing up 2 other renovation projects…
This deal was brought to me by a wholesaler. The property was torn down and built from scratch. This was our first modern home so there were a ton of new things that were learned illustrating how different this style is from more traditional homes. A true learning experience in every way.
This was a non-performing note that I was able to work with the borrower and help him to re-perform. He has paid on time for 9 months. I now have a monthly cash flow without the headache of tenants and toilets. I also bought this note at a discount because it was non-performing, thereby building…
My mom drove past this property and saw the FOR SALE sign. She knew the owners and was concerned that they were losing their home (due to a Foreclosure). So we contacted the Realtor and put in 4 bids. It took 45-days before our bid was accepted. By the time our bid was accepted the…
We found this property through a wholesaler and funded the purchase and rehab through our equity line of credit. This rehab was basically a gut job. We replaced the windows, roof, siding, and added new mechanicals including central A/C. The floor and roofline were raised in the living room, and we renovated the kitchen and…
We found this deal through a wholesaler and funded it ourselves. The repairs were very minimal. The property has a pool however we did not do anything to the pool. The house was in good condition.
We were tracking the property on the MLS for 7 months. The deal was funded with hard money (85% LTV, 100% rehab @ 2.5% origination fees and 9% int. /yr.). We bolstered studs affected by dry rot, added a new roof, new siding, new HVAC, new flooring, new deck, new landscape, new paint, and new…
We were able to find this property on the MLS as part of an estate sale. A very short window for viewing the property was granted and our offer was accepted from the 10+ submitted. The home needed very little renovation as it was just 13 years young built-in 2006. With that said, we added…
This was my 2nd deal, I purchased this deal at a tax sale. My real estate experience really paid off knowing how to research the property background, knowing your market and the knowledge that I received from FortuneBuilder is a win-win situation. Knowing how to estimate repairs, the 6 critical documents and knowing how to…
We found the deal on the MLS. Other investors offered more money, but we offered a longer closing allowing sellers enough time to move.
