John Wilcox Rehab Deal

 

John Wilcox Rehab Deal

Westlake Property Solutions, LLC in Columbus, OH

I used a realtor to find the property. Another investor has partially renovated the property, and was selling after it was vandalized. We completed what he started, and added my own touches like completing the kitchen upgrade, custom cabinets in the half-bathroom and refinishing a massive wooden fireplace surround. I funded the deal with a hard money loan, plus my own funds. Within 24 hours after the property hit the MLS, we had 6 offers all above list price. We sold the property for 15% above list.

Rehab Details

Property City: Columbus
Purchase Price: $109,900
Repair Costs $48,151
Holding Costs: $9,586
Sale Price: $251,229

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Case Study

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

I started out a real estate investor virgin. Every step of the way from finding and working with a realtor to find the property, to making the offer, to hiring the GC team, to managing the renovation, to listing and selling, I used the skills I learned from Fortune Builders. I took full advantage of my FB coaches, the deal review, and several 1-on-1 coaching calls.




Before & After Photos