Kim Oliver Rehab Deal

 

Kim Oliver Rehab Deal

WagMore Properties in Sacramento, CA
Kim Oliver with P.S. Quality Properties, LLC

We’re members of our local Chamber of Commerce and this deal came to us through a referral from a Chamber Ambassador. The house had been on the market for a while, the seller was in a hard place financially, was behind on taxes, and wanted to close before Thanksgiving. She originally had the home listed for $475,000 and it was not selling. We offered $350,000 and she took it (closed on November 19th). The bathrooms had been recently renovated so we did minor repairs throughout, redesigned/renovated the kitchen, painted, installed new flooring throughout, and landscaped. The house was put on the market on February 1st for $469,000, and we had three offers over asking price within two days and closed on March 1st for $475,000.

Rehab Details

Property City: Sacramento
Purchase Price: $350,000
Repair Costs $35,000
Holding Costs: $48,000
Sale Price: $475,000

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Case Study

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Before & After Photos