Nanciann Cox

Next Phase Property Solutions, LLC in Seminole, FL

Nanciann Cox with Steve Cox

We found this property on Facebook Marketplace on October 31st. We immediately contacted the person and got the code to go view in person. As soon as we stepped inside this vacant property, I knew it was a great deal. We sent an offer that night, and she accepted the next day. We closed on November 26th. It was then, that we discovered the seller was also a Fortune Builder investor, (Ginny Adkins) out of Orlando. We had many issues right out of the gate, hiring a handyman instead of contractor, which resulted in fines, delays, and a lot of repairs. Several contractors walked off the job, sub-contractors caused problems, but ultimately, Steve and I finished the rehab ourselves. We designed it with every detail in mind, replacing everything from the roof, floors, electrical panel, lighting, windows, paint, landscaping and removed walls to expand the kitchen and bathroom.

Rehab Details

Property City:

Largo

Property State:

FL

Purchase Price:

$150,000

Repair Costs:

$65,000

Holding Costs:

$17,300

Sale Price:

$265,000

* These examples depicting income or earnings are NOT to be interpreted as common, typical, expected, or normal for an average student. 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’ training and coaching. The participants shown are not paid for their stories; however, some of the students depicted may also be a FortuneBuilders' coach, and our coaches are compensated for their services. We believe in full transparency, so please read our Earnings and Income Disclaimers and Terms of Use

Case Study

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

The deal analyzer was helpful in determining the numbers, the repair estimator was an incredible tool in creating the SOW. We also greatly appreciated all the coaching calls.