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rehab DEAL

John Dunham

TROI Properties in Athens, AL
John Dunham with Aaron Dunham

I got this deal from an agent that I was in a networking group. I explained to the group what I was involved in and he gave me his contact information. Within a few days, he contacted me with the deal. I funded the deal with a local hard money lender and they were great. I got the property below the asking price, for $33,720, and the repairs were estimated at $32,400. There were a few issues along the way such as a tree branch falling on the roof and a small foundation issue causing a rise in cost for the repairs to be $34,729, totaling $68,449. I sold the house for $115,000 and gained a profit of $46,551.

Rehab Details

Property City:
Moutlton
Property State:
AL
Purchase Price:
$33,720
Repair Costs:
$34,729
Sale Price:
$115,000
* 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?

From start to finish I was in contact with my coach and I used all the tools on the Mastery site from the Deal Analyzer to the scope of work and all of the other documents. There is no way I would have known what to do without the help of FortuneBuilderes and their training. This was my first deal and I learned a lot along the way. I am not there yet but I feel a bit more confident about the process and l know where to go for help. I also submitted my deal information for review an I got a positive response which gave me the ability to move on with the deal. I’m truly happy with the outcome and the support I’ve received.

Before & After Photos