Profit Strategy: Buy & hold, renovate, cash out in a few years
Number of Units: 6
Amount Earned: $1800/mo cash flow
Personal Money Invested: down payment
Prior Experience: None. He’s a mechanical engineer.
Members Profile
90 Day Challenge winner, Justin, was a mechanical engineer by trade. After years in the industry, he decided he needed to find an alternative so began to look into RE investing, which eventually led him to Lance's system. This property was being sold by motivated sellers who he found through a friend of an in-law. He purchased for $330k after negotiating the price down $20k and funded with a mortgage and personal cash. He plans to refinance and cash out in a few years after he makes renovations. Looking ahead, he's hoping to invest in 100+ unit apartments.
