Christine Conomikes & Gina Doyle Rehab Deal

 

Christine Conomikes & Gina Doyle Rehab Deal

Five Crown Homes, LLC in Hollywood Hills, CA

This deal was brought to us by a Real Estate Agent in our network. It was off-market. It was a huge purchase price of $1.5M for our 1st Rehab! We funded the project with 80% of the purchase price and 100% of the construction with hard money loans and 20% of the purchase price and gap funding with private money loans. We added 497 sq ft of addition to the house and completely rebuilt everything roof, walls, exterior, and interior, all new plumbing, all new electrical, kitchen, bathrooms, added half bath, etc. What was unique about the project is that it had a million-dollar view of the historic Hollywood Sign and beautiful Los Angeles City Views as well.

Rehab Details

Property City: Hollywood Hills
Purchase Price: $1,500,000
Repair Costs $459,000
Holding Costs: $336,800
Sale Price: $2,481,000

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Case Study

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

The Fortune Builders resources helped us with this deal because we used the FB systems that we learned to acquire, rehab, and sell this home. We also acquired our PML through our FB network.




Before & After Photos