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

* 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?

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