Michele Williams Rehab Deal

 

Michele Williams Rehab Deal

Greenheart Holdings, LLC in Newburgh, NY

This was my first flip after joining Mastery last year. I found this deal on Zillow. I felt it was perfect because it was a small house that just needed a little sprucing up. It was in a pretty sought after neighborhood. It had a lot of historic qualities and good bones. I turned it from a one family to a 2 family because I knew it would be more valuable. The idea was to make it super nice so that someone would want to live in one unit while renting the other to help them pay for their mortgage. We made another kitchen on the first floor and took down the walls for an open concept and added a huge deck from that kitchen. We also added a bath to the half bath in the basement making it into a second apartment. My contractor literally redid the main steps and trims all over the house to match the historic trims.

Rehab Details

Property City: Newburgh
Purchase Price: $90,000
Repair Costs $66,000
Sale Price: $275,000

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Case Study

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

The system works! I tried to follow it to the "T". I used my coaching calls and the coaches, especially Erica May, helped me navigate through everything. I used the contracts, the deal analyzer, I just kept coming back onto the site to listen to the classes and make sure I knew what I was doing. I also networked with other students and learned some lessons and got some ideas from them.




Before & After Photos