Episode 20 - The Portfolio Deal, Part 2 Mastering Real Estate

Deal Details


Addresses: 43 Houses throughout Birmingham...
Type: Mostly all tenant-occupied rentals
Average Year Built: 1966
Average SF: 1,607
Average Mix: 3 / 1.5
Year: Summer 2019
Timeline: 2 months
Purchase Price: $2.52M

Down Payment = $630,000 (20%)
2 x 1031 Exchanged Flips = $130,000
Raised $500K from private investors

Strategy:

Flip & sell 31 properties to investors through RP Capital = $1.6M

Payback investors & bank

Keep 11 properties = $500K ($5,500 Monthly Cashflow)

Split between Danny & Duratus



Key Takeaways:


You can partner on a deal without having a long-term partnership
Logistics and project management are key skills for a flipper
Never give up–there’s always a solution out there  

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