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rehab DEAL

Kim Jones

Home Theory, LLC in Silver Spring, 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
Property State:
MD
Purchase Price:
$165,000
Repair Costs:
$94,000
Holding Costs:
$37,273
Sale Price:
$425,000
* 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?

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