Tim Hall Rehab Deal

 

Tim Hall Rehab Deal

Swell Real Estate Investments inc in Tallahassee, FL
Tim Hall with Lee Hall

We found the deal on the mls for $110,000 and we put it under contract for around $100,000. After having an inspection we found lots of termite damage. We renegotiated with the sellers and got the place for $75,000. We fixed the termite damage ($8000) and got a termite bond on it so there would never be any termites again. We then rented it out for $1500 a month and made $350 net profit every month on it. After the tenant left we rehabbed the property and have just sold it.

Rehab Details

Property City: Tallahassee
Purchase Price: $75,000
Repair Costs $25,000
Holding Costs: $8,000
Sale Price: $235,000

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Case Study

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

They taught us to think outside the box, believe in ourselves and we used the network to secure private money and had zero out of pocket expenses.




Before & After Photos