Becky Johnson Rehab Deal

 

Becky Johnson Rehab Deal

Autopilot Properties LLC in Fargo, ND
Becky Johnson with Kerry Johnson

This was the largest profit deal to date while in the FortuneBuilders community. It was a friend of ours who had decided they were ready to move but was not interested in repair costs to improve their home to make it market-ready or the lengthy process of listing their home and finding a buyer. We were able to put in place seller financing and increase returns even more. It worked very well to have a Scope of Work in place upon closing and to easily step through the renovation schedule for a quick close.

Rehab Details

Property City: Fargo
Purchase Price: $118,000
Repair Costs $33,341
Holding Costs: $857
Sale Price: $210,000

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Case Study

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

The FortuneBuilders team and education around selling financing was a great resource for us on this property and worked really well. We look forward to repeating this and executing it on more deals in the future. Thank you!




Before & After Photos