Kousal Sok Rehab Deal

 

Kousal Sok Rehab Deal

SK Realty & Investments, LLC in Long beach, CA
Kousal Sok with San Sok

This once small, dark, uninviting, fixer upper was brought to us by my realtor friend. We were so afraid of being in over our heads, but we ran our numbers, did our research, and knew it was in a desirable area of Wrigley. To give the home an open concept design, a new kitchen layout for more storage and functionality, closets rebuilt with extra storage, new paint, lighting and flooring the initial rehab cost was estimated at $46K. This house has the largest front yard on the block, but no curb appeal. We ended up spending an additional $10K to add brand new sod, gravel landscaping, and mulch to the entire front and backyard, along with a new concrete step walkway. It was well worth the investment; the new landscaping literally brought the house back to life. The neighbors were so grateful. I even had one say, “Wow. Now, that’s a grand entrance”. The neighbors are excited about their home values increasing, and we made a decent net profit. The buyers even wrote us a nice letter with their offer expressing their excitement of being the new owners of this beautifully remodeled home; it was humbling. We are super proud of ourselves for successfully completing our first rehab together....and we’re still married!!! Hehehe.

Rehab Details

Property City: Long beach
Property State: CA
Purchase Price: $417,000
Repair Costs $56,000
Sale Price: $570,000

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Case Study

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

We couldn’t have done this rehab without the help of FortuneBuilders. Every time we were afraid, nervous, or unsure I would reach out to the community and received the feedback I needed to push forward. I am truly grateful to be part of this amazing family!




Before & After Photos