Sam "Speed Racer" & Robert Craven
This was a house in a great neighborhood. It was newly painted inside and out when we bought it but had a very high pest report. We cleared the pest report which included much stucco repair, replaced some foundation including new support for a lovely working fireplace, made seismic upgrades, completely remodeled the kitchen to…
My JV partner Sheila had a realtor bring her this deal. She had the HML lined up and I came in with gap funding. The 1st week the contractor's bid was going up and add'l concerns required us to switch contractors. We moved very quickly to update the house, replacing floors, kitchen, and 5 baths.…
We bought this property at an estate auction. It was outdated and needed some TLC. We originally planned to sell it, but after seeing that the rental market was very good and we would make terrific cash flow, we decided to rent it.
We used local foreclosure leads from our programs to identify that the property was in foreclosure and called on it using our call center associates. We scheduled a walkthrough of the house with the client and attempted a few different strategies that would assist him in keeping the home. After identifying that he would be…
We found this deal off the MLS and funded it by using a Hard Money and Private Money Lender. We made updates throughout the house which included the kitchen, flooring, and interior paint. The roof was also repaired. We stated the home which helped with the sell.
We talked to the seller since 2016 regarding this family property. There was a lot of emotion attached to the property but along the way, we became great friends with the sellers. This property was located in the Harambee area on the east side of Milwaukee.
I met a Real Estate agent at a meetup group and she was helping a client look for a Las Vegas Property. She found the property, which matched my budget. I found a lender through FB Mastery student in a different state. I got a Great Property manager to do the rehab. I used the…
We inherited a house in rural Alberta Canada 2 years ago with over $100K in debt. At the time we were not in FortuneBuilders and had to rely on the realtor’s evaluation of the property for a selling price and it was way too high. The number was the ARV with a finished basement. Once…
We’re members of our local Chamber of Commerce and this deal came to us through a referral from a Chamber Ambassador. The house had been on the market for a while, the seller was in a hard place financially, was behind on taxes, and wanted to close before Thanksgiving. She originally had the home listed…
I found this deal through a co-worker from a single mother who was ready to move to a different city. To create a winning situation we were able to assist with her relocation by providing her with a free month of rent as part of the deal. This deal was funded by a Hard Money…
We started researching for wholesalers and talking to hard money lenders and also utilized the deal analyzer. We completed a full rehab on the house, everything inside the house was replaced which included a new kitchen, flooring, bathrooms, sliding doors and paint inside and out. We did the final walk-thru with a contractor and made…
Networking with another FortuneBuilder.
John Blackburn set up our introduction, and also found a deal for us. The building has been completely rehabbed by East Street Properties. The uniqueness of this deal was the city was involved and delivered a myriad of incentives for utilizing and encompassing upon the property.
This property was listed on the MLS. We were looking for properties that would make good short term rentals. This property is in the perfect location close to Arizona State University and also Tempe Diablo Stadium for Spring Training games. We funded the deal with conventional financing. The house had been recently remodeled and had…
This was easily the grossest house we’ve ever purchased. Worse than a drug house or hoarder house. We were the only buyers willing to move forward with it because it was in such bad shape and smelled! The seller was thrilled because they didn’t have to fix or clean the house. They were able to…
We found this deal on the MLS. The property was on the market for 8 months and the seller was eager to sell. We funded the deal with a PML and HML (Complete Lending). There were a couple of unique things with this deal: 1) The PML was our end buyer also. So, they invested…
This teardown and new construction project I found through a wholesaler. I just moved to the Nashville area and wanted to learn how real estate was done here vs. out west, and I wanted to learn “fast”! The house I demolished the house and rebuilt a new one using a design plan I found from…
This rehab duplex is the second property we closed on in Jacksonville Florida and it was ALREADY OCCUPIED! The 3-bedroom, 2-bath home includes a 1-car garage and is approximately 1,100 square feet. We purchased the property for $135K and is currently renting for $1,100 a month with a 2-year lease.
This home came from my realtor network on the MLS. The deal was funded using hard money at 85% of the purchase price and 100% of the rehab cost. A PML was used for $250K paying 10% as Gap funds. The 2-bed, 2-bath bungalow was converted into a 3-bed, 2-bath home. A master suite was…
This was our very first deal after joining FortuneBuilders. We got this deal as a pocket listing from an agent that we had met in March to explain how we did business as a means to help someone she knew out of a desperate financial situation. We did a full gut of the kitchen and…
My attorney actually lives in this neighborhood and he happened to be the attorney for the trustee. He informed me that the home was coming on the market. I was able to submit my offer on the first day. This house has been my most extensive rehab since joining FortuneBuilders. We took down walls, added…
We were nervous about taking this house on because part of the house was built in the 1900s and had not been updated including some of the electrical. The rear part of the property was added on to several times and the upstairs bedrooms had very low ceilings. We were in for a full redevelopment…
I met a Real Estate agent from Miami through networking. I live in Baltimore but he would send me deals occasionally. I would run the deals through the deal analyzer, though they were good deals they weren’t great deals, especially to complete as my first rehab 1100 miles away. Eventually, he sent me one too…
This was a short sale and I got the lead from a direct mail campaign. I had sent a letter a couple years ago to the seller's daughter and while I wasn't able to purchase her house, I was able to help her get a loan modification to prevent her from losing it. Fast forward…
This deal was a referral from one of my painters who knew the owner. We did a full gut renovation on the historic property located in Richmond, VA. New plumbing, electrical, HVAC and cosmetic updates were completed. We also changed the property from a duplex to a single-family home.
This house was in receivership and purchased from a wholesaler. The house was listed as having 2400 ft. but discovered after purchase that it was closer to 2800 ft. The home is located in a sought after area of Fort Worth, TX. We started with a 3-bedroom / 2.5-bathhouse, small kitchen, and covered patio area.…
This property was raw land. I did some improvements which included cleaning out the septic tank and hiring a company to complete a survey on the property.
We found out about a local wholesaler through a bandit sign and got onto their distribution list. When this home became available we viewed the property and requested the financials. The property did not need any repairs and was already occupied. We used the deal analyzer and the deal made sense. We reached out to…
I discovered the deal through networking at a Bootcamp in Dallas.
Creek Street was our first flip. We found this property after connecting with a wholesaler through their bandit sign. After presenting us the property we negotiated with them and purchased it on the last day of their contract with the seller. The deal was funded by an HML, PML and a loan from a 401K.…
This home was originally purchased in 2013 as a rental and was financed through a conventional bank. An extra lot was also included which we sold a few years ago for $6000. In December 2018 the renters moved out and left the place trashed. We did a full rehab of the property. Once we were…
We received this deal from a local wholesaler and I was completely funded by one of my private money lenders. We completed a full gut and cosmetic rehab for this home which included re-framing most of the main floor creating a master suite. The entire floor in the family room was rebuild due to structural…
We purchased this house from a wholesaler. The house was pretty outdated with a galley kitchen and sunken family room. We raised the floor and took out a wall in the family room and kitchen to have an open floor plan. We enlarged the kitchen into the family room adding a new island, cabinets and…
This is our first deal as Mastery students. We got the property the day it was put on the market from a Wholesaler. We were able to view the occupied house early in the morning. There was a lot of junk everywhere, which caused us to miss the foundation and filtration issues in the basement.…
We found this deal on the MLS. It was an older 4-plex in need of repairs and the asking price was not too bad for the size of the property. After negotiating on the PP we also negotiated for the seller to pay an additional $7000.00 towards closing. We financed it with an FHA at…
We found this house on our local Craigslist shortly after our Full Immersion. The home was owned by someone that was into drugs and they took all of the wiring, doors, most of the windows, fixtures, holes in the wall, you name it. We ended up doing a complete renovation of the home.
Our Realtor brought a house to us from his family. They had previously been offered 60k for the house 1 year earlier but rejected it. They chose us to do the rehab because they had seen other work we had done and were very impressed knowing we don't do "lipstick on a pig" work. We…
This is a 2 separate single-family home deal that was brought to us by another FortuneBuilders student. The sellers were looking for a quick close as the previous buyers were unable to close after 7 months in escrow. After my initial walkthrough of the property, I knew that I could either re-list the property as-is…
