We acquired this foreclosed home through the MLS. We submitted multiple offers and our fifth offer was finally accepted; approximately three months after our first offer was submitted. Property was extremely neglected and in bad shape and required a full rehab from new plumbing and electrical to a second story expansion to bring it back to life and meet market expectations. We used private funds for the purchase and rehab of this property. The home was originally 1,250 sq ft, which we expanded to 2,400 sq ft which allowed us to incorporate a large master suite.
How did the FortuneBuilders team and resources help you to accomplish this deal?
The fortune builders repair estimator was a key tool when we analyzed this property to ensure the appropriate financial returns were going to be met. Persistence has been a key message from our coach. Our fifth offer was finally accepted after three months of trying. Thank you to David Barnes our coach.