Pino Tenerelli Rehab Deal

 

Pino Tenerelli Rehab Deal

Affordable Pro Homes & Investments, LLC in Sylmar, CA
Pino Tenerelli with Patsy Tenerelli

Found this property on Redfin, our initial offer was rejected. The home fell out of escrow and we got a notification, we quickly had our agent make another offer. In order to secure it, we had to offer a little more than originally but the numbers still made sense. The property was used as an office therefore it wasn't in terrible shape, however, the kitchen was dark and closed off. We gave the home an open concept, closed some unnecessary doors and hallways. We put down flooring, upgraded kitchen and bathrooms, lots of landscaping clean out, and put down sod and plants. Took down lots of large bushes in the front that prevented any curb appeal.

Rehab Details

Property City: Sylmar
Purchase Price: $520,000
Repair Costs $81,135
Holding Costs: $86,200
Sale Price: $795,000

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Case Study

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

We were able to use FBM training to have several PML's interested in this deal. Also, using the Redfin "Favorite" feature helped us follow up when it fell out of escrow.




Before & After Photos