Amanda Shea Rehab Deal

 

Amanda Shea Rehab Deal

Altered Properties, LLC in Fairfield, CT
Amanda Shea with Christopher Shea

We found this deal off-market. The home had been heavily damaged by a fallen tree during a rain and wind storm. The tree damaged the roof line and back side of home extensively. Water damage existed on the 2nd floor and in the basement. The owners had to move out of the house as soon as the tree fell. We found funding through a private money lender who paid 80% of purchase price and 100% of the rehab costs.

Rehab Details

Property City: Fairfield
Purchase Price: $460,000
Repair Costs $155,000
Holding Costs: $51,356
Sale Price: $801,000

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Case Study

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

Thanks to FortuneBuilders training, Chris was able to make immediate rapport with the listing agent. We made a cash offer and it was accepted the next day by the seller's attorney. It was a unique situation because a giant tree had crashed through the roof, just missing the family members in their bedrooms. This made the house uninhabitable. The seller's insurance company had settle with them and they were ready to move on. Thanks to FortuneBuilders training we found a private money lender who is now lending for all of our rehabs.




Before & After Photos