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.
Read MoreSteve Guarino
Profit Strategy: Buy and hold. Number of Units: 3 (2 apartment units, 1 commercial space) Prior Experience: Purchased a multifamily property once before.
Read MoreErnie 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.
Read MoreBo 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…
Read MoreScott Kodak
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).
Read MoreDenon Williams & Terry Warren 1
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:…
Read MoreYvonne Sucich
Profit Strategy: Owner financing with persistence of extensions Number of Units: 2 Amount Earned: $10,000 Personal Money Invested: $0 Prior Experience: First deal
Read MoreTraci Williams 1
Profit Strategy: Wholesale Number of Units: 1, single family home Amount Earned: $500 Personal Money Invested: $0 Prior Experience: None
Read MorePatrick Smith
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…
Read MoreMichael Mitchem
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
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