Randy Dunn Rehab Deal

 

Randy Dunn Rehab Deal

Zonian Home Solutions in Boiling Springs, SC

Due to the hardships that many are facing, it’s with mixed emotions that I share my first flip story. It’s been a crazy adventure filled with many ups and downs. I paid more on PP than advised, to beat out 26 other investors. Against advice due to low expected returns, I proceeded anyway. Jumped through hoops to find an HML, only to have them pull out after closing due to COVID. I had to scrape to get personal loans in order to close a 2nd time and not lose the property. During this time I interviewed 4 contractors, 3 of which were too busy, and the 4th one would not complete the 7 steps so I had to fire them. I then took on GC role myself & completed rehab in 3 weeks. We listed the property above estimated ARV, had multiple offers, and was under contract within 48 hours. The accepted offer was above asking. However, the appraisal was $11K under.

Rehab Details

Property City: Boiling Springs
Purchase Price: $90,000
Repair Costs $32,457
Holding Costs: $13,399
Sale Price: $160,000

* 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?

My coaches helped me analyze the deal, provided contact information to HMLs, gave me great guidance throughout the process and most gave me the confidence to succeed. I am so appreciative for all the knowledge, training and coaching I received from our Fortune Builders family. Special thanks to Ammon Brimhall and Tammer Hefnawy for all their help and support.




Before & After Photos