Rayon Evans Rehab Deal

 

Rayon Evans Rehab Deal

TK Estates in Bonaire, GA
Rayon Evans with Shakeena Evans

This was a Freddie Mac foreclosure that I found through the MLS. The home had cracks in the foundation throughout most of the house. Many people saw the property and most likely thought that the home needed major foundation repairs. I put in an offer anyway and I hired a structural engineer to assess the cracks in the foundation. He determined that it was mainly cosmetic. He sent me a detailed report as to how to fix the cracks so that he could provide me a clearance letter. I had my general contractor to complete the repairs as well as fix the cracks (according to the report) and the home turned out well.

Rehab Details

Property City: Bonaire
Purchase Price: $73,500
Repair Costs $41,000
Holding Costs: $840
Sale Price: $147,000

* 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?

By providing me the insight and education on completing a successful rehab from start to finish. I had already completed the wholesale and rehab Bootcamps there were in Atlanta.




Before & After Photos