Alicia Hilderman Rehab Deal

 

Alicia Hilderman Rehab Deal

Hildy's Enterprises, Inc. in Menomonie, WI
Alicia Hilderman with Brian and Nicholas Hilderman

Nick was busy again and found a great deal that Alicia and Brian purchased using Finance of America for the first time. The ranch-style home was a 3-bedroom, 2-bath, with a 2-car attached garage. Running the comps, we knew we had bought a house that had $25 to $30,000 in equity. With 2-bedrooms downstairs, we knew we could make the egress windows work to create a 5-bedroom home. After putting a sign in the yard which generated a lot of traffic and interest in Nick's other 2-houses. A lease and option were put in place and provided an avenue for Nick to purchase the home which we are currently working on. We replaced all the carpets, painted the interior walls, trim and windows, added granite bathroom countertops, a new kitchen countertop and had the cabinets professionally painted. New lighting was also installed.

Rehab Details

Property City: Menomonie
Purchase Price: $147,884
Repair Costs $16,798
Sale Price: $170,000

* These examples depicting income or earnings are NOT to be interpreted as common, typical, expected, or normal for an average student. Although we have numerous documented successful deals from our coaching students, we cannot track all of our students’ results, and therefore cannot provide a typical result. You should assume that the average person makes little to no money or could lose money as there is work and risk associated with investing in real estate. The students depicted have participated in advanced FortuneBuilders’ training and coaching. The participants shown are not paid for their stories; however, some of the students depicted may also be a FortuneBuilders' coach, and our coaches are compensated for their services. We believe in full transparency, so please read our Earnings and Income Disclaimers and Terms of Use.



Case Study

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

With the education received from FortuneBuilders, we took another tool out of the bag and used Finance of America to fund the deal.