Mingzhou Guo Rehab Deal

 

Mingzhou Guo Rehab Deal

International Home Redevelopment in San Leandro, CA
Mingzhou Guo with James Huang

We found this off-market deal through our relationship with our broker. He brought us this deal and we raised the downpayment through friends and family. This is a micro-flip with only cosmetic repairs. We upgraded and opened up the kitchen to make the whole living space spacious and seamless. We remodeled the bathroom, transforming it from a 80s' product to a stunning 21th century one. We repainted the whole house, inside-out, and added accent paints to make it modern and attractive. Redid the floors. Cleaned up the front and back yards. The whole job was finished in 22 days with our hard working contractors and project manager. At times, they work until 8 or 9 pm to fine tune the details.

Rehab Details

Property City: San Leandro
Purchase Price: $500,000
Repair Costs $69,800
Holding Costs: $68,060
Sale Price: $825,000

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Case Study

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

We really appreciate the FortuneBuilders team! We called the coaches hundreds of times when we had no idea what we were doing. In the beginning, Craig is always there encouraging us, offering us invaluable feedback as an insider. And the insights from an experienced investor absolutely shortened our learning curve! Then, Captain Angie and Bret helped us tremendously.We studied almost all the courses, twice! Attended many webinars. We couldn't do it without the support of FortuneBuilders. We are very grateful.




Before & After Photos