Paul Clothier

New Life Homes REI, LLC in N Chesterfield, VA

This was a short sale and I got the lead from a direct mail campaign. I had sent a letter a couple years ago to the seller's daughter and while I wasn't able to purchase her house, I was able to help her get a loan modification to prevent her from losing it. Fast forward two years later and she sent me a lead on her mother's house because her mother needed to sell and was upside down. I did a complete cosmetic renovation updating the kitchen and both bathrooms, painting throughout, refinishing the floors, and adding recessed lighting throughout the house.

Rehab Details

Property City:

N Chesterfield

Property State:

VA

Purchase Price:

$140,000

Repair Costs:

$27,500

Holding Costs:

$23,500

Sale Price:

$225,000

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Case Study

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

I used the realeflow leadpipes to market to out of state absentee owners originally which ended up leading to me acquiring this deal. I used the fortune builder's rehab systems to manage the project and exit quickly.