Archive for August 2022

Quick Facts: Profit Strategy: Buy & hold Number of Units: 40 Personal Money Invested: 30% of the purchase price Amount Earned: 20% Prior Experience: Prior to Lance’s training, Rafael had purchased and rehabbed multiple 2- and 3- family buildings, accumulating 20 doors, however, all using his own money as he lacked the knowledge and confidence…

Quick Facts: Profit Strategy: Rehab and hold Number of Units: 14 Personal Money Invested: $390k Prior Experience: As a physician, Neal did not have prior real estate experience, but did benefit from the guidance of his father, Harish, who had 8 years of experience through owning 3 single family rentals in Cleveland, OH Neal’s Story…

Quick Facts: Profit Strategy: Buy & hold Number of Units: 10 Prior Experience: While Jean was a career dental hygienist, Norman had been involved in a multitude of real estate endeavors, including buying, developing and selling real estate in MD since 1973. Here’s their story: Eager to win Lance Edwards’ trademark 90-Day Challenge after attending…

Quick Facts: Profit Strategy: Rehab & hold Number of Units: 8 Personal Money Invested: $80k Amount Earned: $859 monthly cash flow Prior Experience: A community outreach program coordinator by trade, Jessie had no prior experience in small apartments aside from previously living in a triplex in which he and his wife resided for 10 years…

Quick Facts: Profit Strategy: Wholesale Number of Units: 44 Personal Money Invested: $100 Amount Earned: $36,000 Prior Experience: Peter had previously run a successful construction company that replaced windows, doors and roofs, but no prior real estate experience. Peter worked in construction — roofing, windows, and doors. He had renovation skills but had no interest…

Quick Facts: Profit Strategy: Buy and hold Number of Units: 2 Personal Money Invested: $170k cash Amount Earned: $1,100 positive cash flow per month Prior Experience: Teri and her husband originally ventured into real estate investing in the mid-90s doing single family house fix-and-flips, then she became a licensed real estate appraiser Here’s her story:…

Quick Facts: Profit Strategy: Wholesale Number of Units: 15 units total (9 unit and 6 unit buildings) Personal Money Invested: Only $600 total in deposits ($100 and $500) Amount Earned: $40k total ($15k and $25k) Prior Experience: Fix-and-flips, fix-and-rents, buy-and-holds with single family homes prior to the 2008 crash in which she lost everything to…

Quick Facts: Profit Strategy: Buy, rehab & hold, AirBnB Number of Units: duplex and a lakehouse Prior Experience: Some single family home flips, but no prior multifamily experience. Lynn grew up as an only child. Maybe that is why her story ends with “community” being of paramount importance. Lynn’s Call to Adventure Like many people,…