Damon Amato Victory


Damon Amato Victory

Active Property Group LLC in Northborough, MA
Damon Amato with Larissa Amato

Type(s) of Victory: Closed on my first deal, Rehabbed a beautiful property, It was just awesome

It's been a very educational 15 months for our first ever deal. A five unit condo conversion on Salisbury beach, MA. We borrowed over $1.1 million dollars, had our rehab budget go from $300k up to $420k, dealt with a bad contractor that had to be fired, a stop work order, sprinkler systems, complicated condo documents with two different buildings, a yearly flood insurance premium of $32,000, and three very difficult buyers. Somehow we survived without losing much money in a deal where literally almost everything went wrong. We persevered through very difficult times and feel like we came out on top.

Shout Outs & Testimonials

Ben Legare helped us throughout this project, providing valuable expertise with design, structural issues, and difficult buyers.

* 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.