Lounacitas "Lougie" Murdocco Rehab Deal

Rehab Details

Property City: North Vancouver
Purchase Price: $852,000
Repair Costs $168,500
Holding Costs: $124,130
Sale Price: $1,262,000

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Case Study

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

Private lenders for the purchase and our own money for the renovations.


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

Full house renovation and remodel. A special feature was added by extending the udpatairs hallway into a sitting area with an enlarged window so homeowners can enjoy the front view from the second floor. Special attention was made to landscaping both front and back since the house was situated in a quite cul-de-sac and is ideal for enjoying the outdoors.


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

Realtor


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

Keep job site organized and safe at all times for visitors, such as investors, and to doubel check design.




Before & After Photos