Benedict Properties, LLC
in New Bedford, MA
We found the deal through a Facebook marketing campaign. The deal was funded through a business line of credit we established through a local lender. It was a full cosmetic renovation replacing roof, siding, kitchen, bath and flooring. No structure was changed, and no mechanicals needed to be replaced. Just a nice easy renovation to current standards.
| Property City: | New Bedford |
| Purchase Price: | $160,000 |
| Repair Costs | $39,000 |
| Holding Costs: | $2,500 |
| Sale Price: | $316,000 |
The Fortune builders resources gave us the confidence to be able to give the sellers a strong offer and lock up the deal at the initial meeting. We closed in 3 weeks due to the strong relationship we built with our lender. All the renovation was done in 5 weeks and on the market. The core curriculum coupled with the scope of work library and credibility packets were all essential in our ability to perform as professionals in all aspects of the deal
