Kurt & Dee Dee Von Ahn Rehab Deal

 

Kurt & Dee Dee Von Ahn Rehab Deal

VonAhn Properties in Mexia, TX

Our Realtor brought a house to us from his family. They had previously been offered 60k for the house 1 year earlier but rejected it. They chose us to do the rehab because they had seen other work we had done and were very impressed knowing we don't do "lipstick on a pig" work. We payed cash for the house and then secured a construction loan from the bank during the rehab. From date of close rehab took 67 days and we had multiple full price offers and sold the house in 2 days 5k above asking price and they paid closing costs.

Rehab Details

Property City: Mexia
Purchase Price: $30,000
Repair Costs $60,000
Holding Costs: $10,000
Sale Price: $170,000

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Case Study

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

This would not have been possible if not for the recourses of FB specifically the "scope of work" and the 6 critical documents. It helped us to have a well organized very specific scope of work for bid and construction. The contract and SOW saved us from a contractor that tried to add thousands of dollars on the project for items that was already in the SOW bid sheet and signed off on by him.




Before & After Photos