Daniel DeVoe Rehab Deal

 

Daniel DeVoe Rehab Deal

XFactor Real Estate Network LLC in Rancho Santa Fe, CA
Daniel DeVoe with Angela DeVoe,Wit Property Solutions

After reviewing and rejecting multiple deals from a given wholesaler, we identified this project that met our investment criteria. The property is a duplex in an excellent location and had been neglected for several years. Rents were well under market, and we were confident that with cosmetic upgrades, we could increase rents for each of the units, charge additional rent for the three garage spaces, and improve the usage of the laundry room/storage areas. Since this is a duplex and one of the tenants will remain for a month, we will work on the units separately and will have rent from at least one unit coming in at all times to help offset our monthly holding costs.

Rehab Details

Property City: San Diego
Property State: CA
Purchase Price: $955,000
Repair Costs $94,000
Sale Price: $1,300,000

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Case Study

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

We teamed with another Mastery team that we connected with at the Bootcamp and Immersion events in San Diego. Our hard money lender presented at one of the FB Mastery monthly meetings. We also had a deal review and coaching calls, and we received tremendous support from Nate Harris to advise us in our search for gap funding.




Before & After Photos