Jesse Marshall Rehab Deal

 

Jesse Marshall Rehab Deal

3E Premier Properties, LLC in Panama City, FL
Jesse Marshall with Peggy Marshall

We found this deal driving by the home and contacting the realtor listed on the sign in the yard. The home was severely damaged by Hurricane Michael and required extensive repairs (full gut). We funded the deal with a combination of Hard Money and Private Money and did minor cosmetic repairs on the exterior but there was nothing we didn't touch on the interior.

Rehab Details

Property City: Panama City
Purchase Price: $48,000
Repair Costs $65,000
Sale Price: $175,000

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Case Study

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

After walking through the property with the agent and completing the repair estimator, we ran the numbers on the deal analyzer and submitted an offer that same day. The agent said the sellers wouldn't accept such a low offer ($17K below asking price) but to everyone's surprise, our offer was accepted and as this was our 1st deal, we started to PANIC! We submitted our deal to the Deal Review team and scheduled a coaching call right away. We followed the 7 Stage Rehab System to the "T" and because we fully leveraged all the systems and coaching, we made our expected profit and gained some serious experience!




Before & After Photos