Rick Gillette Rehab Deal


Rick Gillette Rehab Deal

Nest Creators in Marietta, GA
Rick Gillette with Denise Gillette

This is another deal that found us! A work associate and good friend had to sell his home but did not have the money to rehab it. We offered to help and collectively we completely rehabbed the kitchen, added new appliances, painted the entire house inside and out, redesigned and replaced all bathrooms and re-landscaped the property. We were able to get the owners ex-wife to quit-claim the home to him so that we could execute a Subject To - Lease Purchase Agreement to secure the home. The home was sold for a profit and everyone benefited, including the owner and his ex-wife!

Rehab Details

Property City: Roswell
Property State: GA
Purchase Price: $355,000
Repair Costs $48,000
Sale Price: $475,000

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Case Study

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

FortuneBuilders taught us how to assign a Subject To - Lease Purchase Agreement so we did not actually have to close. This saved us all time and closing costs, which we all enjoyed. Truly a Win-Win deal!

Before & After Photos