Andres Rendon Victory

 

Andres Rendon Victory

Lucid Property Solutions in Miami, Florida
Andres Rendon with Jafit Morales

Type(s) of Victory: Reached a business goal, Helped someone else achieve a goal, Found a great team member, Made my first offer, Got my first deal under contract


We were fortunate enough to meet an investor at a small networking event at a local Dunkin Donuts. This investor came across a probate opportunity and got her first deal under contract. After she got it under contract she reached out to me and explained that she had a property under contract and was asking $263,000. We did our due diligence by reaching out to everyone within our network for assistance with details for this property. I also walked the property with several GC's / roofers / inspectors and finally got our numbers together. We went back to the investor (wholesaler) with an offer of $205,000 (Purchase price $185k and Assignment fee $20k totaling $205k). The comps in the area average around $349k. We are expected to close within the next two weeks. We are using hard money and private lenders to fund this deal. - Hard Money - 12% APR 1 year term with 80% LTV - Private Lender - 10% APR 1 year term - Private Lender - 5% APR 6 month term Well I won't bore you with any more. I will submit more info as we progress. THANK YOU FB FAMILY!!


Shout Outs & Testimonials

I would like to take this time to send a special shout out to Dave Augustine who coached me and showed me the ropes. Additionally I would like to thank the Fortune Builders team for giving me the confidence to take a leap of faith. I have learned so much in the past months and could not thank you all enough. I look forward to continuing my education and very eager to continue sharing my knowledge and experience with others.



* 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.