Susan Rodgerson Rehab Deal

 

Susan Rodgerson Rehab Deal

Golden Road Inc. in Fairfield, CA
Susan Rodgerson with Warren Rodgerson

This project was found through a call with a realtor on a different property that was listed. We asked the realtor if she knew of any other fixers and she brought up this one! We funded the project using hard and private money lenders that we have formed great relationships with through numerous deals. Improvements we made included replacing all windows, installing new laminate wood, carpet, and tile flooring throughout the house, updating the kitchen and bathrooms, and replacing the roof. Pre-construction, it looked as though the foundation could have been a major issue but it ended up just being a tree root that was raising a corner of the garage and was a simple fix. This deal was unique because we were closing right as COVID restrictions were implemented so we were able to negotiate $32,000 lower than our initial purchase price because of the uncertainty that came with the pandemic.

Rehab Details

Property City: Fairfield
Purchase Price: $240,000
Repair Costs $117,498
Holding Costs: $60,435
Sale Price: $477,000

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Case Study

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

We wouldn't have gotten this deal if it weren't for the knowledge we gained from attending The Office Systems Academy! We learned the process of the Daily Discoveries and the script for calling listing agents. One specific tip that really helped us find this deal is at the end of a call with a listing agent, always ask if they know of any other fixers. It is a simple yet very effective strategy.




Before & After Photos