FortuneBuilders Student Success

Wholesale property. Minimal rehab to 1 of the 2 units. $12000 in costs. This was my first duplex purchase.

This was our first deal and it was everything that we could have asked for. It was an apartment unit we found through a realtor friend of ours. It is located in a small prestigious community and with this came many learning obstacles. The permit process was a lot slower than we had anticipated, the…

Commercial Property, Set up as a duplex, 1 side 4 BR, 1.5 bath currently occupied by long term tenant at $1,200 a month, other side is 5 rooms all currently rented at $300.00 per room; wherein they all share common kitchen and 2 bathrooms with coin operated washer and dryer in basement with yields over…

Gregg Ave was our first deal after completing the Fortune Builders training. We found a new realtor who was open to working with investors. This property was listed on the MLS as a foreclosure, it was pretty ugly. The entire inside was full of rotting wood and mold, but because of our training, we were…

I bought this property direct from a wholesaler for $125K after seeing it the first time listed on the MLS for $195K. We projected 6 months $95K budget for gut rehab. Due to Covid and literally every unexpected additional expense possible, we ended up with a 13 month renovation for a whopping $140K. Thankfully the…

This deal was a home path bank owned property that had been on the market for awhile. A deal which I obtained on 10/22/2019. It's the type of deal that started wrong and continue a downward motion and then Covid. My biggest mistake and lesson learn I learned was I should of wholesaled to property…

The deal was made at our local courthouse via auction. Due to the current times with commercial bank lending, we had to use hard money. However, after review from our deal analysis it was still a favorable deal. We ending up getting $7,000 profit over asking price for the house due to the high demand…

This was my first rehab. Found this off the MLS. this was a full gut project. 2462 sqft with 3 bed and 2 1/2 bath.

This deal came to us through a team of investors we know well at one of our local networking groups. The investors reached out to see if we wanted to invest as a limited partner. We funded this deal with cash. The property has office, industrial and self-storage space. Long-term tenants occupy most of the…

I found this deal online and paid cash. No repair was done since the unit was in good shape.

We got this portfolio deal under contract about 2 months ago. This was a tired landlord that lived in another state and wanted to sell. They all had tenants and was cash flowing every month with good renters. We found an end buyer who was a cash buyer locally. The cash buyer purchased these as…

We got this rental package deal under contract about 2 months ago. This was a landlord that lived in another state and wanted to sell. The properties were located in low income neighborhoods, all had tenants and was cash flowing every month with good rent rolls. We found an end buyer cash buyer locally that…

Through a realtor on the MLS. Removed walls between kitchen and living room, added a wall to create a 4th bedroom. All new flooring, appliances, cabinetry through out. Home was in need of updating, had a huge lanai and pool that we renovated making a large family entertainment area.

Found this deal on MLS and used my real estate license to communicate directly with sellers agent to find out the story of why home was for sale. It was a probate deal where daughter inherited home and didn’t want to be a landlord. Property was occupied when we seen it and we talked to…

This property was purchased from a wholesaler and was in an up and coming neighborhood in the western part of Baltimore City. This property was gutted to the studs and taken from a 3 bed/2 bath to a 4 bed/3 bath by adding a bedroom and full bath in the basement.

I found the deal on the MLS, paid cash after selling my house on FaceBook for a great price in NJ because the market is so hot. It was a 2/1 house with the garage that served as a bedroom but was in operable condition due to a cracked slab as the floor and a…

Took this eye sore and made it into a really cute new home that was very much appreciated by the neighborhood. This was a vacant home that was known to be a place for to squatters, drug addicts, and even a loose domesticate black and white rabbit who lived under the house. We enjoyed hearing…

I offered full asking price of 195,000 but after inspections came back with a new offer price of 155,000 and we ended up settling on 157,000. This 90 year old house was a house on the historic presentation list and I was able to get the house approved for a tax credit for the new…

We originally put this property under contract for $1,180,000. I knew exactly who would want to redevelop this property, as the biggest Single Family Residential developer in La Canada built a home two doors up from this same property and sold it in 2016 for $2,350,000. The market has only drastically improved since 2016. So…

4 acre home listed for 150k, I put under contract for 107k, and found a buyer and ratified got a ratified contract in 2 days for 2 acres. I split the parcel and sold the other two acres for 41k, Net 37k. we did a double closing about 3 weeks later. Side note: I owner…

We wholesaled this property in 2019 however, the buyer had moved in to different investments and wanted to offload. This 3-bd, 2-ba single family was located in the Franklin Heights neighborhood of Milwaukee, WI.

Lost 6k the day off closing. Remember just keep going there always something good in it.

We purchase this deal in cash from the profits of a rehab. There were no repairs to be made at the time and the property was already fully rented with long-standing tenants. We acquired this property through our property management company that had completed a full rehab of the rental units (duplex) in 2015 for…

We received this deal through a referral. Property is a 3-bd, 1-ba bungalow in a C neighborhood of Milwaukee, WI. Property was rented out but seller had moved from area and no longer wanted this rental.

This is a tale of two types of real estate investment strategies in one property. The first being a buy and hold. The second is rehab and sell. The property was purchased as an REO with $25K down and a $200K loan. For the past 13 years, this property was a rental with positive cash…

This was a duplex that I got from a radio ad. The owner, who called was ready to sell. Most of this was done virtually since it was not in my local market. I was able to lock it up and market it as a cash-flowing property with 2 renters already in there. I marketed…

The lead was from a fellow fortune builder. We funded the deal with hard money and some private HELOC funds. The home was in need of desperate cleaning from massive animal damage and smell so we completely emptied the home and bleached the floors up to the first foot of the walls and used oil…

We found this deal through an MLS listing. When we contacted the realtor the house was already under contract. The realtor called us a week later, the deal had fallen through, we gained her trust and confidence, the house was ours! We funded the deal with hard money. Repairs: The house was all original from…

We found a 100-year-old house on MLS and bought it with the money borrowed from a private money lender. The contractor we have known for 30 years rehabbed the house almost completely. Because of our relationship with the contractor, we were able to save the rehab cost.

A local contractor that we had interviewed came to us and asked us if we wanted to buy his house. It had been vacant for 7 years after a bad divorce and it was two days away from being lost to property tax foreclosure. We paid the back taxes to stop the tax foreclosure and…

As the markets shifted during the pandemic, I pivoted my search to short term rentals. I purchased this property off the MLS from an out-of-state investor who had been losing money from the decline in tourism on Oahu. I bought it $30,000 below list price (approximately 32% below ARV), invested $6000 in some minor updates…

This was an out of state turnkey property purchase. My goal is to invest in more rental properties as part of my passive income strategy.

This property was being sold by the son who had inherited the house from his father who had inherited it from his grandfather. This was a cute twin bungalow built in 1929 in the historic Baltimore neighborhood of Ten Hills. All electrical, plumbing and gas lines were replaced. We added a brand new HVAC system…

As we continue our journey with our S-Corp, Eagle Eye Home Solutions LLC for the flip houses, we also had 2 major wins for our Home Affairs LLC for rental properties! In February 2021, we were able to close on a single family home at 1048 Middlebury St, which brought our rental portfolio to 4…

Hi Everyone, I found my first deal within six months of starting my education in real estate field. I am fortunate to find deal quickly. I was very happy to start implementing my knowledge and education as soon as possible in real estate practical world. I followed step by step instructions to acquire the property.…

Bought this from another Fortune Builder. It was a pair of FBs, one was out of town. They ended up in over their head. We bought it as they were about to lose it and ruin the one partners credit. It was a MAJOR rebuild and there were many hidden problems. The seller didn't try…