After taking a leap of faith and having an 'all in commitment' to building my business and not my boss's company, I put in my notice to leave commercial construction. In the process of closing out the work I had in progress with my employer, I had let a contractor know that I was starting my own business . Two weeks later he tossed me the keys to his mother-in-law's home that they were wanting to sell. I had taken the approach to allow the family time to get out what they wanted and be able to leave anything in the home as is. After working through the deal for 3-4 months I finally got it under contract. I closed on the home with hard money and private money. The home was a hoarder home, multiple pets and there was no attention to maintenance for years. I hired professionals to remove and haul out over 300 yards of trash. The Colorado market proved to be difficult to find and hire the right contractors. I had to terminate contracts with hired help but relationships and contacts had been made in the process. A team was being created to last.
How did the FortuneBuilders team and resources help you to accomplish this deal?
Through boot camps and coaching we maximized the property potential. Systems and Deal Analyzer gave me the confidence to be aggressive from the offer to the rehab. I listed the home at a lower price point to stir up excitement and room to bid up. In one open house weekend we had received 7 solid offers. This home sold for 40K over anticipated comps months later.