Elizabeth Quinn Rehab Deal

 

Elizabeth Quinn Rehab Deal

Skyline Real Estate, LLC in Phoenix, Az
Elizabeth Quinn with Scott Quinn

We acquired this house through a wholesaler whom we’d purchased our 12th place property from. This house was unique in the fact that it had an approximately 80 foot, 70-year-old pecan tree growing out of the Arizona Room – which is an enclosed porch area. Unfortunately, due to insurance reasons, we needed to cut the tree down or remove the Arizona room. We elected to cut the tree down. It took a couple of days, a crane and a crazy crew of guys to cut the tree down, enclose the hole in the roof with a skylight and turn the tree stump into a table. We removed a wall between the kitchen and the family room opening the space up to a beautiful island with a gas stove a glass/stainless steel vent. We added can light throughout and gutted and redid the master bathroom with dual vanity, tiled shower with rain head shower and a Bluetooth speaker. Unfortunately, this house did not sell as fast as we would have liked however, we were able to acquire the house across the street by getting to know the neighbors and were able to rehab and sell that house too. In the end, the new homeowner got a beautiful home and we got another house out of the deal. We got a hard money loan from a new lender on this deal and we have established a great relationship with them now. Gap funding came from family members.

Rehab Details

Property City: Phoenix
Property State: AZ
Purchase Price: $264,900
Repair Costs $74,907
Sale Price: $390,000

* 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?

The FortuneBuilders team and resources helped us with this deal through the coaches and their leadership, encouragement, and guidance. The training we attend at Bootcamps, Ignite, webinars and online training ensured we were doing everything correctly.




Before & After Photos