Emma Browne Rehab Deal

 

Emma Browne Rehab Deal

Momentum Holdings in Holbrook, MA
Emma Browne with Alex Browne (Husband)

We found this property on the MLS it was a bank-owned property and had been on the market for a long time probably because it was only 550 sq ft!!. We had 2 lenders pull out a few days before closing but luckily we found a local lender who was able to help us close. We had to do a lot more than we expected in this project and it ended up being a full gut, new insulation throughout, sister the floor joists throughout the property, removed a wall between the existing living room and only bedroom, and changed the layout to create 2 bedrooms and an open plan kitchen/living space we added a new deck off the kitchen. We added a murphy bed to create a multi-function room, plus a murphy door into the mechanical closet for additional storage.

Rehab Details

Property City: Holbrook
Purchase Price: $120,100
Repair Costs $80,000
Sale Price: $295,000

* 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?

We used the scope of work and 6 critical documents of this project and they were really helpful!




Before & After Photos