Bobby Smith Rehab Deal

 

Bobby Smith Rehab Deal

Real Estate Solutions Today, LLC in Nashville, TN
Bobby Smith with TaLisa Smith

This property came to us from a wholesaler. It was located in the heart of Nashville and had been a rental property for years. The property had really good bones and was a 3bd/1ba thanks to quirky master addition put on the home at least a decade earlier. To get to the master, you had to pass through another bedroom. We dived deeper into the comps and realized that a 3 bedroom, 1 bathroom was more valuable than a 2 bed, 2 baths even with the odd layout. Luckily our research paid off! We removed a wall separating the dining and kitchen area and completely gutted the kitchen and bathroom. This home, made the perfect starter for a newlywed couple.

Rehab Details

Property City: Nashville
Purchase Price: $199,900
Repair Costs $45,000
Holding Costs: $17,907
Sale Price: $298,000

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Case Study

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

We did a thorough search of the comps before we made final decisions on the rehab. This helped us proceed with confidence. We were sure to utilize the repair estimator and deal analyzer also to further increase our confidence. There hasn't been anything that we've been taught that didn't work!




Before & After Photos