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rehab DEAL

Michele Bernard

P2 Homes, LLC. in Hanover, MA
Michele Bernard with Chris Bernard

Found the home on MLS and funded the deal using our personal HELOC. Home went under a "full gut rehab", right down to the studs. All new mechanicals, plumbing, electrical, etc. Created an "open floor" plan on the first floor and also added a bath on the first floor. Home originally had just one bath on 2nd floor. Exterior was in good shape. We added landscaping, paver walkways and rehabbed 3 outdoor screen-in porches. To keep the home "unique" we kept the charm of the original 1920 style bungalow colonial by keeping single panel doors, crystal door knobs, shiplap paneling, etc. The original owner came by during our open house and was blown away by the work we had done, but appreciated the touches we kept that reminded her of the home she was brought up in. I should mention that we sold this property on our own, using an MLS "only listing" service.

Rehab Details

Property City:
Abington
Property State:
MA
Purchase Price:
$250,000
Repair Costs:
$105,000
Holding Costs:
$25,000
Sale Price:
$450,000
* 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?

Deal analyzer for sure. Speaking with a couple of the coaches along the way was certainly helpful. Overall education from the program helped guide us in so many ways during each phase of the project.

Before & After Photos