Zander Burger Rehab Deal

 

Zander Burger Rehab Deal

Zander Property Group in Palm Coast, FL
Zander Burger with Glenn Fairchild, K Investment Properties, Phio Properties

We purchased this property at a foreclosure auction, it was funded privately by the four partners. Repairs done included new granite countertops, new floors, painted inside, and pressure washed the whole house on the outside. What was unique about this deal was that a lot was saved in repairs because the partners on this deal did a lot of the work themselves so we saved money by not paying outside contractors.

Rehab Details

Property City: Palm Coast
Purchase Price: $204,700
Repair Costs $18,957
Holding Costs: $17,788
Sale Price: $275,000

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Case Study

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

At the Acquisitions Bootcamp Jeff taught us to partner up with our opposition and instead of chasing the price up at the auction and bidding against each other, we did this deal together. This resulted in us making more profit than we would have if we did the deal individually as we paid a lower price for the property.




Before & After Photos