Kristine Desalernos Rehab Deal

 

Kristine Desalernos Rehab Deal

H&H Dedicated Solutions, LLC in Pueblo, CO
Kristine Desalernos with Roy Scott Desalernos

This home was purchased from a local wholesaler. It was a small 744 sqft home that needed a lot of work. We gutted the entire house down to studs and installed new electrical, plumbing, HVAC, insulation, windows, and doors. We also added new flooring, cabinets, and appliances. The exterior needed help as well and we ended up put in new siding over Tyvek and a new 6\' privacy fence. The detached garage had a flat roof that leaked, so we put in new support beams and had the roof redone. Minimal landscaping was done because the new buyer wanted to put her own touch on it. Our first rehab was a lot of work, but we wanted to do a really good job, and we also wanted to be more hands-on. We learned about the permitting process, and how the city works with this kind of business. We were able to make connections and build relationships within the city departments and got a lot of praise from them on how well we handled our rehab and they told us several times we’ve set the bar high for city rehabbers. We were fortunate to have a buyer soon after we purchased the property, who happens to be our daughter. It was a lot of fun working with her. We were able to utilize her design aesthetic and she also got to learn the process. We sold her the home for the amount of her loan and that gave her instant equity as the home appraised/market value was for a lot more than we sold it to her for. To us, it was worth selling it at a lower price to know she was getting a solid home as her first home purchase and there would be no hidden issues for her later. That is the best feeling of all. Knowing that the home we rehabbed is solid and done correctly the first time.

Rehab Details

Property City: Pueblo
Property State: CO
Purchase Price: $50,000
Repair Costs $40,000
Sale Price: $95,000

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Case Study

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

We’re very grateful for what we’ve learned with FortuneBuilders. We used their contractor’s contracts which were incredible. We also used their checklists for the rehab and the order of operations we put up we got a lot of positive feedback from all those who worked on the house. We had a lot of coaching calls to work through any issues, and also to get the support we needed when we got stressed. We can\'t say enough great things about the processes, education, and support we got through FortuneBuilders. It is comforting to know we have such a strong support system from others who have gone through exactly what we are going through.




Before & After Photos