Darren Hoefgen Rehab Deal

Rehab Details

Property City: Eureka
Purchase Price: $41,500
Repair Costs $26,500
Holding Costs: $12,000
Sale Price: $105,000

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Case Study

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

Found from local wholesaler. Funding backed out at last minute, so funded with my Self Directed IRA.

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

Basic cosmetic rehab. Exterior siding, roof, landscaping, interior kitchen, bath, walls, flooring and new electrical panel

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

MLS listing - contract accepted in 4 days

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

FHA lender won't let you sell it in less than 90 days - had to rewrite the contract.

Before & After Photos