Marci Sadler Rehab Deal

 

Marci Sadler Rehab Deal

Primo Property Solutions in Red Wing, MN
Marci Sadler with Ken Lundquist

We purchased this property on auction. It had been vacant for two years. A complete basement remodel with a bathroom upgrade was completed, and a new furnace. Upstairs the cabinets were painted, new countertop, new windows, updated flooring, bathroom remodel, and new paint. There were also landscaping updates made outside prior to the winter.

Rehab Details

Property City: Red Wing
Purchase Price: $97,600
Repair Costs $62,930
Holding Costs: $31,811
Sale Price: $195,000

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Case Study

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

The house was ready to go on the market as COVID hit. The town that we did this rehab was impacted greatly and the house sat on the market for a while. Our coach gave us ideas to market the property differently to gain more interest. We also realized that we needed to decrease the price to gain more interest which impacted our overall profits but did get the house sold without incurring additional debt service fees.




Before & After Photos