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rehab DEAL
Elda Farinas
E & F Properties, LLC
in Phoenix, AZ
Elda Farinas with Edward Farinas
We got the deal from a wholesaler that we found on Craigslist. 70% of the deal was funded by a hard money lender, 20% was funded by private money lenders, and 10% out of our pocket. The house was located in a rural area and we were not sure if it would sell quickly. We went into contract only 7 days after putting it on the market and sold it for $2,000 over asking price!
Rehab Details
Property City:
Arizona City
Property State:
AZ
Purchase Price:
$147,500
Repair Costs:
$38,000
Holding Costs:
$9,000
Sale Price:
$237,000
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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’
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Case Study
How did the FortuneBuilders team and resources help you to accomplish this deal?
We couldn't have it done without the coaches at Fortune Builders. They walked us thru the entire process. Every step of the way we talked to a different coach with different perspectives, different knowledge and different advice. It was a great learning experience!
