Jenny le Victory

 

Jenny le Victory

Golden Egg Property Investments LLC in Rochester, NY
Jenny le with Neftali Baez Rosado

Type(s) of Victory: Other type of victory


So since joining Fortune Builders in February, my partner Nef and I have been absorbed in Mastery, from the curriculum, webinars, FB meetups, etc. Finally feeling a little more confident, we go out there get our feet wet and look at some properties. We found a property through a realtor lead, an old 1890's white picturesque farmhouse sitting on about 5 acres of land. Its got character, hardwood floors, 5 beds, 2 bath, 2800 square feet. Its dated I mean old, like original fixtures and ugly. So I do my homework, looking up comps, trying to find arv, going thru pics and see what needs renovating. From what I can tell needs about 123k, asking price is 159K. Arv 220k. So I go to the deal analyzer punch in my numbers, even putting it at 50k for purchase price I still get a ROI of 5%!!! Kale me now, I thought for sure this one was a good one,,,,what did I learn??? Do not get emotionally tied into the property. Let the numbers tell you to walk away or make an offer! My victory is learning to let it go and walk away. Move on to the next deal! Love that deal analyzer!!



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