Ryan Nealon
Sonny Side Property Solutions, LLC
in Navarre, FL
Ryan Nealon with Adele Nealon
This renovation took twice as long as planned and sold for less what we wanted, but we walked away with $38,665 and an ROI of 26% in the end. Our original buyer was unable to close due to funding issues and forced us to do another $12,000 in repairs and hold the property for an extra 3 months. Once it hit the market though, we had showings daily because we priced it to sell and had an offer accepted on day 10 with closing 30 days after that. It was a rough 165 days from closing to closing with many speed bumps, but well worth the learning points and struggle. With this one, we had to use 3 private lenders and other forms of OPM just to make it to the end!
Rehab Details
Property City:
Navarre
Property State:
FL
Purchase Price:
$94,414
Repair Costs:
$44,363
Sale Price:
$205,000
Case Study
How did the FortuneBuilders team and resources help you to accomplish this deal?
We used some resources and had an emergency call with a coach to help us find funding, but we mostly used the online files and checklists. I wouldn't say we did this one 100% right, but we did it and it got done thankfully! Our coaching calls are expired, so we weren't able to utilize as much as we would have liked.
