Erica Lara Rehab Deal

 

Erica Lara Rehab Deal

Turn-Key Home and Properties in San Antonio , TX

This was the third home we had purchased. We told our real estate agent that we were looking for a rental property. She came across this property as a pocket listing and thought it would be a great rental for us. We purchased this property in the end of April and began to see the market change drastically. A home exactly like ours had sold for a high price so my husband and I crunched the numbers and said it was best to flip it quickly and put it back on the market quickly. We were able to rehab this home within three months and were able to put it under contract within 5 days on the market. We received multiple offers and choose the offer that will cover the gap if it didn't appraise at what we priced it at. We gutted the master bathroom and just painted the inside and outside. A few repairs on the exterior were made, repainted the cabinets, added quartz countertops.

Rehab Details

Property City: San Antonio
Purchase Price: $146,000
Repair Costs $25,000
Sale Price: $235,000

* 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?

When we purchased this home, we had been with FB for 19 months. This was our third home and we have learned a lot going through the curriculum as well as working with a few coached in the beginning. Reaching out on Facebook to other members has helped us as well, even the encouragement at times is just enough.




Before & After Photos