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

* 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?

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