Alicia, Brian Hilderman Rental Deal

 

Alicia, Brian Hilderman Rental Deal

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

Our realtor Jill found this property on the MLS. We obtained a bank mortgage for this home. The home is currently rented for $1200/mo. and have been rehabbing this project to sell this spring. Our current tenant is talented and has worked off half of his rent in labor back in the house. We paid for all the materials and he has installed them. Our sales price for this home, based on comps, will be approx. $170,000. The home is a 5-bedroom, 2-bath, 2 car attached and 1 car detached garage. Rehab included drywall, texture and painting the interior, new bathrooms, new kitchen cabinets, countertop and appliances, ceramic tile in the kitchen, bathrooms and laundry room on the main floor, 6-panel doors, lighting throughout, 2 overhead doors and fencing. All plumbing and electrical was updated as well. The home has new windows, roofing, and siding.

Rental Details

Property City: Menomonie
Purchase Price: $80,000

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Case Study

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

The FortuneBuilders training showed us ways to make more money on the existing real estate. So we found someone that could do electrical, plumbing, concrete, finish carpentry, lighting, drywall, and painting to replace Alicia, Brian and Nick from having to do the work. We also put a coin-operated washer and dryer into this unit for approximately $70/mo. additional cash flow.