Keith Fiskum Rehab Deal

Rehab Details

Property City: Raleigh
Purchase Price: $26,737
Repair Costs $11,536
Holding Costs: $8,165
Sale Price: $72,600

* These examples depicting income or earnings are NOT to be interpreted as common, typical, expected, or normal for an average student. Although we have numerous documented successful deals from our coaching students, we cannot track all of our students’ results, and therefore cannot provide a typical result. You should assume that the average person makes little to no money or could lose money as there is work and risk associated with investing in real estate. The students depicted have participated in advanced FortuneBuilders’ training and coaching. The participants shown are not paid for their stories; however, some of the students depicted may also be a FortuneBuilders' coach, and our coaches are compensated for their services. We believe in full transparency, so please read our Earnings and Income Disclaimers and Terms of Use.

Case Study

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

A realtor had a pocket listing that their client needed to move fast. Due to the price point we were able to pay cash.

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

We re-did the two bathrooms, floors and paint. We resurfaced and painted the existing cabinets in the kitchen and added new appliances. We we in and out in just over two weeks.

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

We listed this one on the MLS and had multiple offers and accepted within a week of listing it.

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

Many times we are looking for that major rehab for the big money. Sometimes its okay to take on smaller projects because the cash-on-cash return was great. Use your network and keep talking to realtors they might have that hidden gem for you.