Doug's Rehab Deal - FortuneBuilders

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rehab DEAL

Doug Ladret

Sharper Edge Home Solutions Inc. in Monument, CO

We found this deal through HomeTrust Wholesalers - closed on August 28th. Our DP was funded by the other company we own via business loan to our RE investment company. The remainder was a hard money loan from Cost Fund 1 in Denver. We were connected to this company via our Mortgage Broker from Phoenix where we lived for 18 years. Repairs were funded via zero % credit cards and a business line of credit through our other company. We installed all new kitchen, bathrooms, flooring, paint, doors and appliances plus a brand new roof after the most recent hail storm! Made some great connections through our Realtor & other friends for contractors. House was listed Nov. 30th. Showings started on Dec. 1st. By Dec 2nd we had 5 offers at list price & 1 over. We are UC as of Dec.3.

Rehab Details

Property City:

Colorado Springs

Property State:

CO

Purchase Price:

$176,000

Repair Costs:

$30,000

Sale Price:

$258,000

* 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?

Coaching calls helped us greatly especially having local experts assist us in understanding the market here in Colorado was quite different than the norm that is taught at the 3-day event and even at the Bootcamp. Our systems helped a bunch. Realeflow was somewhat helpful in organizing our numbers. rnrn#1 thing we learned was people first! The connections we got through friends we made in less than two years in our new home in Colorado were the most important resources for us.