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rehab DEAL

Linda Goldstein

M Vincent Assets LLC in Wilmington, DE
Linda Goldstein with Mark Fansler

We found this property on the MLS. We funded the deal using 2 FB Mastery PMLs! We converted a very tired, 6-bedroom/2-bath house into a spectacular, 5-bedroom, 4/2-bath home. This 4,300-SF gem sits on a 0.30-acre, corner lot. Our intent from the beginning was to give the house a mid-century modern vibe. We demoed load-bearing and non-load-bearing walls to create an open-concept Living Room, Dining Room, and Kitchen, with TONS of natural light and new/refinished, hardwood floors throughout. The Kitchen features solid wood, soft-close cabinets with under-cabinet lighting, quartz countertops, and SS appliances, including a wine fridge. The Living Room has a wood-burning fireplace, with dramatic, floor-to-ceiling accent tile. The 1st and 2nd floor Master Bedrooms have custom-built, walk-in closets. The spa-like Master Baths are large and luxurious with free-standing tubs and glass enclosed showers with rain shower heads, body jets, and hand-held sliders. Three other Bedrooms (1 has a walk-in closet; another has an en suite) are spacious with generously sized closets. Laundry is conveniently located on the 2nd floor (and in the basement). The finished basement is ENORMOUS, with plush carpeting, separate media and bar areas, and powder room. The second-floor terrace has a custom-built glass railing, solar-powered accent lighting, and teak flooring.

Rehab Details

Property City:
Wilmington
Property State:
DE
Purchase Price:
$220,000
Repair Costs:
$262,500
Sale Price:
$510,000
* These examples depicting income or earnings are NOT to be interpreted as common, typical, expected, or normal for an average student. Although we have numerous documented successful deals from our coaching students, we cannot track all of our students’ results, and therefore cannot provide a typical result. You should assume that the average person makes little to no money or could lose money as there is work and risk associated with investing in real estate. The students depicted have participated in advanced FortuneBuilders’ training and coaching. The participants shown are not paid for their stories; however, some of the students depicted may also be a FortuneBuilders' coach, and our coaches are compensated for their services. We believe in full transparency, so please read our Earnings and Income Disclaimers and Terms of Use

Case Study

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

As with our other recent rehabs, we used the SYSTEMS!

Before & After Photos