Scott McGIll Rehab Deal

 

Scott McGIll Rehab Deal

Underdog Property Solutions LLC in Bradenton, FL

To be honest, I think I passed on 3 deals before I was emotionally ready to take on a property after my Dad passed away. I did find this driving around, found a house with a fallen down FSBO sign and the seller was having an issue with a roofing contractor that had replaced the roof, were tired of renting and with how busy they were just wanted to sell. I told myself, if you are going to do this business this is the house, nearly statistical certainty to succeed. So I went for it. A lot different doing this by myself and not with my Dad. Sellers were tough negotiators but good to go. We did a cosmetic update and replaced the above ground pool. Great first deal to get back into it. Our realtor, Cheri did a great job getting this property moved. This is the first rehab since my Dad passed and I wanted one where I'd knock it out of the park. I know my Dad is smiling from above. :)

Rehab Details

Property City: Bradenton
Purchase Price: $158,000
Repair Costs $23,000
Holding Costs: $16,000
Sale Price: $247,000

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Case Study

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

FortuneBuilders educated me on the fundamentals and systems to market, recognize deals and the motivations of sellers. My Dad was pivotal in holding me to highest of standards while learning real estate, he unfortunately passed away and this was to honor him as a Dad, a friend and a mentor.




Before & After Photos