Kim Jones Rehab Deal


Kim Jones Rehab Deal

Home Theory, LLC in New Carrollton, MD
Kim Jones with Colleen Lee, Aaron Muhammad

We found the deal by looking to help a family friend. She thought that she owned the property with no loan however we learned that she did have a small HELOC but also high equity. We funded the deal using the Seller Financing strategy learned in FortuneBuilders along with another family member who became our PML, another strategy that we learned in FortuneBuilders. The repairs included a new roof, new siding, termite damage repair and treatment, new kitchen, 3 new bathrooms, recessed lighting, painting inside and out, refinishing of floors on upper and main levels, new flooring on the basement level, some new windows, new HVAC.

Rehab Details

Property City: New Carrollton
Purchase Price: $165,000
Repair Costs $94,000
Holding Costs: $37,273
Sale Price: $425,000

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Case Study

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

We had a coach take a look at the deal to be sure we hadn't missed anything major and we used the strategies that we learned in FortuneBuilders to fund the deal. The repair estimator was a HUGE help in determining how much it would take to rehab the property.

Before & After Photos