Gail Stout Victory

 

Gail Stout Victory

Silver Dream Properties, Inc. in Covington, GA
Gail Stout with Brian Stout

Type(s) of Victory: Reached a personal goal, Reached a business goal, Closed on my first deal, It was just awesome


We purchased a 1929 bungalow in Atlanta on December 12, 2013. This home was a complete gut as it had converted to a duplex in the mid 70s. Despite various unforeseen delays and challenges, we pre-sold the home in June and closed on August 29,2014. At time of purchase, the ARV was 349,000.00. We borrowed our down payment from a private money lender and financed the purchase and rehab cost via a hard money lender at the rate of 4 points and 13 percent. The sale price of the home was 451,000.00. We received a check at closing for 181,462.38. To date we are still receiving refunds from utilities and interest overages and at this time we have a net profit of 104,624.92. The system work.... Thank you Fortune Builders!!!!


Shout Outs & Testimonials

A huge Shout Out goes to the entire Fortune Builders and Inner Circle Staff. We could never have succeeded without the support and training provided. Being a part of Fortune Builders has forever changed our lives and has allowed us to be able to give back to our church and community more than we could have ever imagined.... And it is only the beginning.



* 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.