Michele Williams Rehab Deal

 

Michele Williams Rehab Deal

Greenheart Holdings LLC in Newburgh, NY

We found this deal on the MLS. It was a wholesaler looking to sell the property. When the deal the wholesaler was trying to do with another investor fell through, she reached out to me to see if I was interested. I almost turned it down, because we were in the midst of buying another house at the time and were in construction with another deal. However, boy am I glad I bought it! Someone had already started this construction, so the windows were all new and the kitchens were boxed up in the basement. There were supplies and work already done, so we just made a few changes and finished it. This was the most we have ever made on a house!!! It was in a great location and had a lot of property.

Rehab Details

Property City: Newburgh
Purchase Price: $85,000
Repair Costs $85,000
Holding Costs: $15,000
Sale Price: $325,000

* 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?

I used the scope of work the deal analyzer and contracts for this house. We also got some guidance from our coaches, especially Erica May. It's proof that if you follow the system, it totally works!!!




Before & After Photos