Lounacitas "Lougie" Murdocco Rehab Deal

Rehab Details

Property City: Burnaby
Purchase Price: $683,000
Repair Costs $7,500
Holding Costs: $62,747
Sale Price: $820,000

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Case Study

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

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

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

This project was a quick rehab with just a few cosmetic updates since the property was in good condition and built fairly recently in 2003.

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


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

Do not underestimate word of mouth marketing.

Before & After Photos