Jon Perry 2
Profit Strategy: Originally, they were going to rehab and flip the property but due to unforeseen obstacles, they modified their strategy and sold it to a developer, did a wrap-around mortgage and made $50,000. Number of Units:42 Amount Earned: $50,000 Personal Money Invested: $10,000 Prior Experience: Had been actively involved in real estate for 10…
Dale Steinman & Anil Silkri 2
Profit Strategy: They intended to wholesale but because it was a short sale, they didn’t have enough time to find buyers. Now, they are re-positioning it to increase value and plan to go back to that buyers list. Number of Units: 44 Amount Earned: Expect about $180K net profit when sold about 9 months later.…
Ernie and Rowen Enriquez 1
Profit Strategy: “Whole-tail” – rehab and sell at retail price to buy and hold investors, or buy and hold. Number of Units: 4 units – 1 triplex and 1 single family home Amount Earned: Purchased for $110,000 with market value of $168,000. Prior Experience: Single family home rentals.
Steve Guarino
Profit Strategy: Buy and hold. Number of Units: 3 (2 apartment units, 1 commercial space) Prior Experience: Purchased a multifamily property once before.
Ernie and Rowen Enriquez 2
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
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…
