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rehab DEAL

Darren Litchfield

DBL Home Solutions, LLC in Cumming, GA

We found this project through a great Real Estate Agent we have a strong relationship with. It was a sweet couple who had found their next home and had an offer accepted on it. They were under pressure to get the house sold quickly and had a good amount of equity so they were not in any danger of losing money. Their biggest concern was the anxiety of having it on the market, having people go through their house, and being under the gun. The house was only 10 years old but was painted and decorated in a way most couldn't see through. Dark maroon paint in most rooms, you couldn't walk five feet without running into a trinket or statue of some sort, the backyard looked like it was inhabited by all animals in the entire forest with statues covering every square foot. And most unique of all was the garage that had more boxing memorabilia than a museum. You really couldn't see the walls.rnrnThe thing that made this such a great deal is the rehab costs were $29.5K, required a new roof, paint, some new systems, trim work, new appliances, but took just 2 weeks exactly from purchase closing to listing. And it sold in 2 weeks as well. It also happened to be 1.5 miles from my home! Best project to date.

Rehab Details

Property City:
Cumming
Property State:
GA
Purchase Price:
$315,000
Repair Costs:
$29,500
Sale Price:
$415,000
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Case Study

How did the FortuneBuilders team and resources help you to accomplish this deal?

If it weren't for the FortuneBuilders community and resources, I never would have had the knowledge, confidence, and ability to find, analyze, purchase, and successfully rehab the project. I made back everything I paid in education costs in my first deal (this one) and certainly saved that much or more in mistakes had I tried to do this without them!

Before & After Photos