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rehab DEAL

Michael Aldridge

Pinnacle Properties in Phoenix, AZ

We found this deal on MLS. The home was in excellent condition and priced well under market value. We put it under contract and funded the deal in about 15 days using our commercial line of credit. This deal was a test pilot for us to try something a little different. We set out to do a light rehab, granite fixtures, flooring paint etc.

Rehab Details

Property City:
Phoenix
Property State:
AZ
Purchase Price:
$190,600
Repair Costs:
$22,155
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?

I decided to not replace cabinets and do a light rehab, granite fixtures, flooring paint etc. Well, that didn't necessarily work. It was difficult to sell the home quickly. What I realized is that our success was somewhat diminished because I veered off of what I had been taught and learned from FB Mastery. Although the deal was profitable, the percentage of profit in relation to the time and money at risk was not worth veering from a proven formula created the by FB mastery team.

Before & After Photos