Sam Craven Rehab Deal

 

Sam Craven Rehab Deal

Senna House Buyers in Houston, TX
Sam Craven with Robert Craven Mat Trenchard

This deal came to us from a referral from a friend of Mat's. She found out what we do and decided to give us a call. We purchased the deal on the spot, renovation took slightly longer than expected but we went into it thinking the ARV was $390k and when we listed it we got a bit more bold and accepted an offer a few weeks after listing it.

Rehab Details

Property City: Houston
Property State: TX
Purchase Price: $225,000
Repair Costs $65,000
Holding Costs: $23,000
Sale Price: $415,000

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Case Study

How did you find and structure the financing of this deal?

We used our Guidence line of Credit through our bank. 100% financed up to 70% LTV at a 6.25% interest rate


Provide a summary of the repairs and improvements you made to the property.

Home was taken to the sheetrock, small layout change in the kitchen and for the living/dining rooms.


How did you find a buyer for the property if you sold it?

MLS




Before & After Photos