Tan Pham Rehab Deal

 

Tan Pham Rehab Deal

TT & T Homes LLC in Richmond, VA
Tan Pham with Trang Pham,Tram Pham

We found this deal from an MLS search sent from our realtor. We showed up the day after it was listed to look at it, filled out the repair estimator, and submitted the offer the same evening. The next morning we got a counteroffer from the buyer's agent ($9,000 more than what we offered). After plugging in the number to the deal analyzer, we felt comfortable with the profit. We accepted the counter-offer. We found the funding through a local Mastery student to whom we had been building the relationship with since Full Immersion. Win-Win. We received a full price offer for the house a few hours after the Open House on Sunday afternoon. 3 days on the market. The whole project only took 116 days from closing to closing.

Rehab Details

Property City: Richmond
Purchase Price: $59,000
Repair Costs $65,000
Sale Price: $189,900

* 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?

The network we have access to within the FortuneBuilders community and the education helped us complete this deal profitably. We’re super thankful! Funding was provided by another FortuneBuilder student and the contractor was a referral from a local coach. Shout out to Joanna Anderson!




Before & After Photos