Nick Martin Rehab Deal

 

Nick Martin Rehab Deal

MREI Homes in Phoenix, AZ
Nick Martin with Annette Martin & Ben Vermillion

The deal was acquired through a private lender who foreclosed on a borrower and was offering it as a wholesale deal. The deal was funded through a fellow FortubeBuilders student who was looking to seek hands-on education by doing a deal. This particular rehab was a full gut with about 700sf addition, detached garage, and adding a pool. The home was located in a historic district, so the original structure had to follow historic preservation guidelines. The home was built to achieve a historic/modern design.

Rehab Details

Property City: Phoenix
Purchase Price: $232,500
Repair Costs $275,000
Holding Costs: $125,000
Sale Price: $710,000

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Case Study

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

We were able to utilize the FortuneBuilders network to successfully complete this project.




Before & After Photos