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rehab DEAL
Lana Powers
Integrity Home Solutions Group
in San diego, CA
Lana Powers with Andrew Cole
A contractor brought us this opportunity as a joint venture. Property was a 2 bed/1 Bath home on a 16,000 square foot lot. The value-add on this project was to maximize the lot size and livable square footage. We converted the existing home into a 4 bed,/2 bath with an adjoining 2 bed/ 1 bath granny flat. Our plans called for a lot split to build new construction. Upon completion of the first phase, we sold our interests in the project for a $31,500 profit.
Rehab Details
Property City:
San Diego
Property State:
CA
Purchase Price:
$285,000
Repair Costs:
$150,000
Sale Price:
$518,200
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Case Study
How did the FortuneBuilders team and resources help you to accomplish this deal?
The education helped us determine value of multiple opportunities and exit strategies with this property.
