Stephanie McDonough Rehab Deal

 

Stephanie McDonough Rehab Deal

Shine Property Solutions in Edison, OH

This deal was originally a wholesale deal that another local FortuneBuilders student sent to me. I initially got into contract with the wholesaler; however, the seller of the home also entered into contract with a local realtor. The realtor had also entered into contract with a different buyer. I thought I lost the deal. However, I reached out to the realtor and let her know that if her buyers fell through, that I would be interested in purchasing it. Two weeks after that conversation, she messaged me and asked if I was still interested. I funded the deal with my own personal home equity line. It was a complete gut job: new drywall, new windows, new roof, new siding, all new flooring, rewired many of the rooms, and refigured the master bathroom to be more functional.

Rehab Details

Property City: Edison
Purchase Price: $65,000
Repair Costs $97,515
Holding Costs: $4,172
Sale Price: $244,000

* These examples depicting income or earnings are NOT to be interpreted as common, typical, expected, or normal for an average student. Although we have numerous documented successful deals from our coaching students, we cannot track all of our students’ results, and therefore cannot provide a typical result. You should assume that the average person makes little to no money or could lose money as there is work and risk associated with investing in real estate. The students depicted have participated in advanced FortuneBuilders’ training and coaching. The participants shown are not paid for their stories; however, some of the students depicted may also be a FortuneBuilders' coach, and our coaches are compensated for their services. We believe in full transparency, so please read our Earnings and Income Disclaimers and Terms of Use.



Case Study

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

My coach gave the courage to go over to the neighbors to ask them if I could clean up their yard for them. They had 3 broken down vehicles that could be seen from the living room. They also had over 20 tires thrown throughout the yard that needed taken care of.




Before & After Photos