Elyse Pecora Rehab Deal

 

Elyse Pecora Rehab Deal

Pro E Property Solvers, LLC in Temple, TX

This was the fourth project for Pro E Property Solvers and so I had already established my team in this Texas town. My agent brought it to me and I funded it through a local bank that does interim construction loans. I also used funds from a previously completed project for the down payment. This was and still is, my largest rehab to date and proved to be quite the challenge! The foundation had dropped a foot on this 4200 sq. ft. home and had separated the single story from the two-story structure. The repair required 76 piers down to bedrock inside and out which subsequently fractured some of the plumbing. Of the three HVAC systems, one needed to be replaced, it needed a new roof and was a huge cosmetic rehab from top to bottom. Even though the two structures separated, it was still sound and when the foundation was repaired it all came back together. Whew!

Rehab Details

Property City: Temple
Purchase Price: $106,000
Repair Costs $153,000
Sale Price: $439,900

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Case Study

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

FortuneBuilders gave me the systems and confidence to get this project done. I'm still not perfect in putting all the systems into place, but with each project, I implement more and more. I know I would not be the accomplished real estate investor I am today without the amazing education that Fortune Builders gave me.




Before & After Photos