Daniel Grenier Rehab Deal

 

Daniel Grenier Rehab Deal

PE Real Estate Solutions in LaSalle, ON
Daniel Grenier with Amy Grenier

Welcome to 3075 Normandy St. Obtained from our MLS marketing, this 5-bedroom 3.5-bath luxury home featured an addition in the rear and in the front and a luxurious facelift from top to bottom. rnThe failure to properly manage the contractor and the underestimation of renovation costs caused the renovation budget to balloon from the original estimate of $200K to over $350K.rnThe property was held for an additional 9 months, which increased the holding and transaction cost from an estimated $70Kto nearly $150K. rnThis project has allowed PE Real Estate Solutions to better understand the real estate investment business, a lesson that has since generated 20+ successful deals over the following 9 months.rn

Rehab Details

Property City: LaSalle
Purchase Price: $317,500
Repair Costs $350,261
Sale Price: $695,000

* 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 the FortuneBuilders team and resources help you to accomplish this deal?

This deal was obtained using a realtor relationship allowing us to jump on a pocket listing.




Before & After Photos