Wil Horie Rehab Deal

 

Wil Horie Rehab Deal

HMT Homes LLC & Diamond Properties Solution in Kaneohe, HI
Wil Horie with Tad Horie,Ernes Ambegia

Networking with FB Mastery member, Ernes Ambegia, at an immersion weekend resulted in sourcing 16 Joy St. Since it was his first deal and funding was a challenge, we decided to create a joint venture to buy the property for $750K with purchase funds and repair costs from Center Street Lending. However due to lack of rehab experience lenders were strict on LTV. Consequently we secured private money gap funds to close the deal in March 2017, completed the repairs in July and sold it for $1.7M in August.

Rehab Details

Property City: SAN FRANCISCO
Property State: CA
Purchase Price: $750,000
Repair Costs $282,676
Sale Price: $1,710,000

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Case Study

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

Fortune Builders coaching team and other Bay Area FB family helped us tremendously in getting this deal done.




Before & After Photos