Rick Gillette Rehab Deal


Rick Gillette Rehab Deal

Nest Creators in Hilton Head Island, SC
Rick Gillette with Denise Gillette

This property was a 1971 Split Level sold at auction and in really bad shape! The neighborhood was great, so we combined our collective creativity and essentially did a complete rebuild...in stages. We removed 40 years of over-growth, including 30 large trees. The property was a pie-shaped cul de sac lot overlooking a stream and we built close to the property lines with obtuse angles that allowed the natural beauty to be the focal point of each room. We transformed a 2,500 sq ft, 4 bedroom, 2.5 bath house into a 5,000 sq ft, 6 bedroom, 4.5 bath home. We added a 3 car carriage house with an in-law suite above. We dug out the basement to create a full open terrace level, which allowed us to make the entire 1st floor on one level. The unique design of this home was well received and highly desired by the neighborhood, significantly enhancing property values.

Rehab Details

Property City: Marietta
Property State: GA
Purchase Price: $223,500
Repair Costs $480,000
Sale Price: $977,000

* 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?

Our education with evaluating remodels, selecting subcontractors and actual rehabbing processes were invaluable to the project.

Before & After Photos