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rehab DEAL
Cy Wysocki
ACM Creative Properties, LLC
in Jacksonville, FL
Cy Wysocki with Marci Cox,Aaron Cox
This deal was found by another wholesaler/investor in our area. We were offered by that investor to JV on the deal and split the profits. We agreed to JV with him, where he would handle the purchase, and we would handle the rehab. For our first flip we felt that it would be good practice to take on a rehab as a JV and learn as much as we could from it. rnrnIt was a full rehab at about $50,000 in repairs. We replaced the roof and did an entire interior remodel.
Rehab Details
Property City:
Jacksonville
Property State:
FL
Purchase Price:
$80,000
Repair Costs:
$55,000
Sale Price:
$163,000
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Case Study
How did the FortuneBuilders team and resources help you to accomplish this deal?
FortuneBuilders gave us the tools necessary to go into this deal with confidence. We utilized the deal analyzer and our coach calls when we had any questions.
