Chelsea Luiz Rehab Deal

 

Chelsea Luiz Rehab Deal

Wicked Properties, LLC in Viera, FL
Chelsea Luiz with Lee Luiz,Jeff Luiz

The property had recently been through probate and was listed on the MLS. I’m a realtor, my business partners and I decided it would be a great opportunity to jump on this deal. We purchased the property with cash. Originally we planned on hiring all of the contractors but we eventually decided to hire a G.C. Once the rehab was completed we listed the property and it went under contract. The buyer did a camera scope of the plumbing and found 2 portions of cast iron pipes were corroded. We had to tunnel under the home to replace the cast iron in order to keep the integrity of the rehab. We learned a valuable lesson that with any beachside homes and homes built before 1975 we would be sure to do a camera scope of the plumbing during the inspection period.

Rehab Details

Property City: Satellite Beach
Property State: FL
Purchase Price: $281,500
Repair Costs $48,600
Sale Price: $368,000

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Case Study

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

The education that we have received at the Live Events and through the Mastery website helped us manage and control the budget.




Before & After Photos