Evelyn Ramirez Rehab Deal

 

Evelyn Ramirez Rehab Deal

ERJ Developments, L.L.C. in San Antonio, TX
Evelyn Ramirez with Jesse Ramirez

When my husband Jesse and I attended the 3 day bootcamp with Elisa Stabile in San Antonio, TX, she mentioned we could find deals on craigslist and also the MLS system. We found this deal on MLS and it was originally listed for $180,000. I also learned from Fortune Builders that we need to bid low so my initial offer was for $75,000 on October 8, 2019 via an email. I never heard back from the agent, but I kept the property on my CRM (also taught by FB). Two months later in November I contacted the realtor again and finally locked the deal down at $110,000! We demo'd the existing one and built a new 3 bedroom, 2.5 bath, 2 story 2,369 square foot home then sold it for $570,300. I gave it a mid-century feel, a doggy bath and encased living room window!

Rehab Details

Property City: San Antonio
Purchase Price: $110,000
Repair Costs $255,000
Sale Price: $570,300

* 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?

Fortune Builders taught me to find deals thru MLS. Taught me that if we get too many offers accepted that means we are offering too much so start your bid off low. Taught me to run my numbers well and thru a training video that my coach shared I also learned to negotiate numbers prior to spending time going to look at the house.




Before & After Photos