Tahner Friedley Rehab Deal


Tahner Friedley Rehab Deal

Edmonton, Alberta
Tahner Friedley with Tyson Friedley

Rehab Details

Property City: Edmonton
Purchase Price: $285,000
Holding Costs: $30,000
Sale Price: $462,000

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Case Study

How did you find and structure the financing of this deal?

This property was an estate sale listed on our local MLS

Provide a summary of the repairs and improvements you made to the property.

This house was located in a nice neighborhood close to downtown and a University. We took advantage of that and created a rental suite in the basement by adding a new kitchen. The main floor saw a complete renovation to the kitchen and bath as well as new flooring and a new stone front to the fireplace. On the second floor we created an oasis for the owner with two walk in closets, laundry, a walk in shower, double vanity and stand alone tub. Our last addition was pouring a new cement pad and building a detached double garage in the back.

How did you find a buyer for the property if you sold it?

We listed this property on the MLS. There were almost two dozen buyers walk through on the first day and we had it under contract within 5 days of listing the property for our full asking price.

What are some of the major lessons learned that you would like to share with other students that they can learn from?

If you are using a new general contractor it's important to monitor their progress and make sure they stick to the timeline.

Before & After Photos