Courtney Toguchi Rehab Deal

 

Courtney Toguchi Rehab Deal

Oahu Property Solutions, LLC in Kaneohe, HI

This is a 2 separate single-family home deal that was brought to us by another FortuneBuilders student. The sellers were looking for a quick close as the previous buyers were unable to close after 7 months in escrow. After my initial walkthrough of the property, I knew that I could either re-list the property as-is and walk away with a quick profit or go through with the rehab and make a larger profit. I decided that I would list each property as-is and see what would happen after 2 weeks. If we received no offers, we would go through with the rehab. But, within the 1st week, we received multiple offers. The unique thing about this property is that 1 property was "landlocked" by the other property. So immediately after acquiring the properties, I hired an attorney to draft and record a usage easement to allow the blocked property access to its driveway.

Rehab Details

Property City: Kaneohe
Purchase Price: $1,065,000
Repair Costs $2,500
Holding Costs: $124,535
Sale Price: $1,262,500

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Case Study

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

With the knowledge provided by the FortuneBuilders systems, we were able to act quickly and had numerous exit strategies. Always remember to provide value to others and opportunities will present itself.