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rehab DEAL
Daniel Grenier
PE Real Estate Solutions
in Windsor, ON
Daniel Grenier with Amy Grenier
This deal was found on the MLS and funded using a private money lender at 10% interest. A full renovation was completed throughout both units with new kitchens, baths, flooring, windows, roof, and foundation. The extent of the renovations pushed the budget from $60K originally to over $112K. The property was tenanted and held for 14 months prior to selling to recoup costs. Ultimately, it was sold at a marginal profit with many lessons gained on how to minimize unnecessary renovation costs.
Rehab Details
Property City:
Chatham
Property State:
ON
Purchase Price:
$39,900
Repair Costs:
$112,356
Sale Price:
$180,000
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Case Study
How did the FortuneBuilders team and resources help you to accomplish this deal?
Systems implemented in this deal included:rn- Deal analysisrn- Scope of workrn- Contractor independent contracts
