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rehab DEAL

Charles Gibson

SMS Reality LLC in Toledo, OH

This property came off the MLS through my Realtor. The deal was funded with all PML's, including one Mastery Student. The home was a complete remodel, went from a 2/1.5 to a 3/2.5. New siding, windows, flooring. Opened up the area between kitchen and family/dining room. Created a full bath for the master, added a 1/2 bath to the downstairs, framed in a 2nd BR upstairs. Was listed and sold on the MLS for full price offer 2 hours after the open house!

Rehab Details

Property City:
Toledo
Property State:
OH
Purchase Price:
$29,000
Repair Costs:
$61,000
Sale Price:
$124,000
* 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?

This was my 1st rehab using the FB systems and like other students, I'd imagine they definitely kept me from losing money. So many lessons learned during the process, but the biggest thanks I have to FB and can recommend to all is the 6 Critical Documents!!! Follow them to the letter, I sacrificed one section which I thought would be ok for the relationship building with the contractor (I finally chose after 13 quotes/interviews) section 11 Penalties! Don't be afraid to fire someone if the work is good, but the ability to show up every day isn't.

Before & After Photos