Kelley Engels Mayo
Mindful Home Solutions LLC
in Nashville, TN
Kelley Engels Mayo with Shane Mayo
New Construction: We purchased the land off the MLS for $276,500.00 in March of 2017. Started construction in June after obtaining all plans and permits. We completed construction in April of 2018 after many setbacks from the weather, change orders, and contractor disagreements. We listed the property on April 21st and held our first open house on Saturday, April 28th. The first people to walk through the door were early and just in the neighborhood looking at other properties. By Sunday morning, we had a full asking price offer with 50% down at $875,000 and we accepted. We just closed yesterday, June 12th, 2018. Throughout the process, we realized a hole in the Nashville market and created a niche for ourselves. We are so excited for our future endeavors.
Rehab Details
Property City:
Nashville
Property State:
TN
Purchase Price:
$276,500
Repair Costs:
$376,500
Sale Price:
$875,000
Case Study
How did the FortuneBuilders team and resources help you to accomplish this deal?
Throughout the entire process, we had coaching calls from New Construction experts in North Carolina helping us create a Scope of Work out of thin air to our Inner Circle Coach, Jamie Saunders helping us talk and negotiate with our Contractors. As well, we networked with our local fortune builder community and leveraged their market knowledge and our teachings and systems from all the Bootcamps that we attended to appropriately run comps, price the property and ultimately impress our appraiser to ultimately come out appraising in an emerging market.
