We found this deal on MLS. The property was listed by a Real Estate Broker that typically prices his listings below market value. We went to the property the day it was listed and made a full price cash offer. After the inspection, we were able to get a $2850 credit at closing and used my 3% commission to reduce the funds needed to close. This house was in good condition but was completely dated. We closed quickly on August 17th, and started the rehab: kitchen, lighting, flooring, bathrooms etc. work was completed on October 1st. Prior to rehab completion, I had done some Facebook advertising and reached out to my buyer pool to find a buyer. Prior to completion on September 27th, we accepted a full price cash offer of $250,000 from an investor looking to buy rentals in Phoenix.
How did the FortuneBuilders team and resources help you to accomplish this deal?
Implementing our buying strategy, rehab, and marketing systems we learned in many FB classes this was the quickest, easiest flip we have done.