Real estate investor and Lifestyles Unlimited® member Robert Hammond bought an amazing 74 houses in less than two years! He bought 10 houses on his own, and bought the rest through partnerships.
He takes us on a tour of his 36th property: a 3 bedroom, 2 bath, 2 car garage home in Houston.
All in
$72,000 Purchase Price
$6,000 Two Closings
$10,000 Rehab
$88,000 “All In”Equity
$115,000 After Repair Value (ARV)
$88,000 “All In” (Purchase + Rehab + Closing)
$27,000 Equity CaptureCashflow
$1,075 Monthly Rent
$ 825 Monthly Expenses
$ 250 Monthly CashflowPortfolio
$2.5 Million Total Equity (with partners)
$1.5 Million Total Equity (Robert’s Share)$22,000 Total Monthly Cashflow (with partners)
$10,000 Total Monthly Cashflow (Robert’s Share)