Sam Craven Rehab Deal


Sam Craven Rehab Deal

Senna House Buyers in Houston, TX
Sam Craven with Robert Craven Mat Trenchard

This deal came to us from a referral from a friend of Mat's. She found out what we do and decided to give us a call. We purchased the deal on the spot, renovation took slightly longer than expected but we went into it thinking the ARV was $390k and when we listed it we got a bit more bold and accepted an offer a few weeks after listing it.

Rehab Details

Property City: Houston
Property State: TX
Purchase Price: $225,000
Repair Costs $65,000
Holding Costs: $23,000
Sale Price: $415,000

* 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 you find and structure the financing of this deal?

We used our Guidence line of Credit through our bank. 100% financed up to 70% LTV at a 6.25% interest rate

Provide a summary of the repairs and improvements you made to the property.

Home was taken to the sheetrock, small layout change in the kitchen and for the living/dining rooms.

How did you find a buyer for the property if you sold it?


Before & After Photos