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Ernie and Rowen Enriquez 2

adminMarch 25, 2015

• Profit Strategy: Purchased fourplex with seller-financing, 13% down payment, owner carried-and-back at 5% interest rate, 30 year amortization.
• Number of Units: Fourplex
• Amount Earned: $500 monthly cash flow (undergoing rehab so will increase in value overtime)
• Personal Money Invested: Down payment purchased out of pocket.
• Prior Experience: Single family home rentals.

 

 

Bo Sofola

adminMarch 25, 2015

• Profit Strategy: Hang onto property and take in monthly cash flow. Apply for FHA – lower interest loan – in 16 months and pay off private investor loan
• Number of Units: 89
• Amount Earned: $1M equity
• Personal Money Invested: $0 except closing and realtor costs out of pocket
• Prior Experience: No formal training in real estate. Only prior experience in single family and home rental properties.

Scott Kodak

adminMarch 25, 2015

• Profit Strategy: Placed foreclosed property under contract and found buyer.
• Number of Units: 16 unit apartment + 2 commercial properties in front
• Amount Earned: $11,250
• Personal Money Invested: $2500 earnest payment
• Prior Experience: 3 buy-and-hold single family properties, 2 flips, and some apartment investments with a partner (nothing massive).

Denon Williams & Terry Warren 1

adminMarch 25, 2015

• Profit Strategy: Nothing down equity and cash flow deal; $2M in historic tax credits to cover $2M costs within first 2 years followed by monthly cash flow. Option to cash out or convert to condos after year 5.
• Number of Units: 20
• Amount Earned: $847,200 – 5 year return
• Personal Money Invested: $0
• Prior Experience: None

Yvonne Sucich

adminMarch 25, 2015

• Profit Strategy: Owner financing with persistence of extensions
• Number of Units: 2
• Amount Earned: $10,000
• Personal Money Invested: $0
• Prior Experience: First deal

Traci Williams 1

adminFebruary 24, 2015

• Profit Strategy: Wholesale
• Number of Units: 1, single family home
• Amount Earned: $500
• Personal Money Invested: $0
• Prior Experience: None

Patrick Smith

adminFebruary 12, 2015

• Profit Strategy: Buy and hold. The owner was motivated because he had too many properties to manage.
• Number of Units: Mixed use retail space with multifamily and commercial units.
• Amount Earned: $125,000 free equity.
• Personal Money Invested: For the down payment and settlement costs, he used a small family loan and some personal capital from his prior real estate business.
• Prior Experience:

Michael Mitchem

adminFebruary 12, 2015

• Profit Strategy: Owner-financed, carrying back $400,000 on the deal.  Michael is using forced appreciation.
• Number of Units: 24 + duplex + single family home
• Personal Money Invested: $0

Delwin Marks

adminFebruary 12, 2015

• Profit Strategy: Got the deal on contract and closed in roughly 4 weeks.  He found his buyer through direct mail marketing.
• Number of Units: 2
• Amount Earned: $11,000
• Personal Money Invested: $0
• Prior Experience: 8 years experience wholesaling houses.

Darren Dixie

adminFebruary 11, 2015

• Profit Strategy: Out of state seller in Chicago wanted to sell due to bad management.  He agreed to 91% owner-financing.  The remaining 9% was covered by private investors.
• Number of Units: 27
• Amount Earned: $2,000 monthly cash flow.
• Personal Money Invested: $0
• Prior Experience: Single family houses.