Matthew Damon Rehab Deal

 

Matthew Damon Rehab Deal

Homelight Property Group, LLC. in Leominster, MA
Matthew Damon with Ashley Damon

This was a distressed single family home listed on the MLS. Upon the initial walkthrough, we identified major structural damage throughout the property. After successful negotiation, we purchased this property with a hard money loan and gap funding and quickly began to work on restoring this property. The entire subfloor and parts of the foundation were completely removed and rebuilt in order to repair the structure. We enhanced the layout of the first floor, creating an open concept kitchen, living room, and dining room. The exterior was completely redone with new vinyl siding, new roof, landscaping, and a asphalt driveway was installed. This home sold above asking to an FHA buyer.

Rehab Details

Property City: Leominster
Purchase Price: $65,000
Repair Costs $145,000
Sale Price: $305,000

* 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?

It was extremely helpful to have FortuneBuilders training, six critical documents, and coaching to help with this deal.




Before & After Photos