Michael Hamilton Rehab Deal

 

Michael Hamilton Rehab Deal

Affordable Property Group LLC in St. Louis, MO
Michael Hamilton with Susan Hamilton

I found the deal through a realtor, which was a short sale. I submitted the deal to the Deal Review team and received a thumbs up! I was able to close the deal in 6-weeks. I obtained lending through a hard money lender, which was very expensive. The project was a complete gut and a great learning experience. My wife and I designed the complete project, it was a complete gut and a great learning experience. After completion, we listed the property and received an offer the first day! The offer was slightly too low, but 5-days after the initial offer we received an offer of $1,900 less than our listing price. The main lesson we learned was to always watch your contractors.

Rehab Details

Property City: Florissant
Property State: MO
Purchase Price: $56,000
Repair Costs $50,500
Sale Price: $158,000

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Case Study

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

Deal review, coaching calls, and education.




Before & After Photos