Michael Gerrior Rehab Deal


Michael Gerrior Rehab Deal

CM Property Investors Inc. in Kingston, NS
Michael Gerrior with Cindy and Christopher Gerrior

Rehab Details

Property City: Kingston
Purchase Price: $87,453
Repair Costs $160,654
Sale Price: $274,000

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Case Study

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

I bought 10% my own money and the rest was private lenders.

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

This was a 100% rehab because of all the fire damage inside, All new windows, doors, wiring, plumbing and fixtures. Property was a 4 bedroom, 2 bathroom and I remodel it to a 5 bedroom, 3 bathroom.

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

I used the same real estate agent who found me the property.

What are some of the major lessons learned that you would like to share with other students that they can learn from?

Stay on top of your numbers and communicate with trades people alot. Also handle small problem fast before they become big proplems.

Shout Outs & Testimonials

My coach Darlene Smith guide me threw this rehab as i was just a new mastery student and she even visited my rehab during it construction. With the support of my coach I went to my first rehab boot camp with only being 7 weeks into the program. The knowledge i gain was very key to my purchase. Also Ralph Plumb was a great support and provide me confidence. The FB support was always there and I did what I was taugh and followed the system all the way threw to the end.

Before & After Photos