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rehab DEAL

Anita Blickensderfer

Thrive Home Solutions, LLC in Ft. Lauderdale, FL

Bought the Property on Auction.com and had a Private Money Lender fund the deal. Kept the rehab simple yet nice since I bought the property with the intention to keep it as a Rental. Updated the kitchen by keeping the existing cabinets and painting them. Also added a few more cabinets on the other side which added more storage and counter-top space and replaced the flooring. Updated the existing bathroom with flooring, vanity, toilet, and lighting. Also created a half bath in the basement. Fresh Paint throughout, all new light fixtures, and refinished all the hardwood flooring.

Rehab Details

Property City:
Cincinnati
Property State:
OH
Purchase Price:
$55,000
Repair Costs:
$15,000
Holding Costs:
$18,000
Sale Price:
$122,200
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Case Study

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

Using the FortuneBuilders Repair Estimator and Deal analyzer helped to keep the deal on track but With Covid-19, we had to quickly pivot from a Buy/Hold of the asset-based 30 yr fixed cash-out refi to a sell on the property when the lending shut down, that's why it's good to have multiple exit strategies. Got 2 offers the 1st day, under contract at 99% of asking by the 2nd day. Closed a week earlier than expected. Cincinnati is moving properties quickly despite this Pandemic.

Before & After Photos