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rehab DEAL

Michael Aldridge

Pinnacle Properties in Phoenix, AZ

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.

Rehab Details

Property City:
Phoenix
Property State:
AZ
Purchase Price:
$186,203
Repair Costs:
$30,069
Sale Price:
$250,000
* 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?

Implementing our buying strategy, rehab, and marketing systems we learned in many FB classes this was the quickest, easiest flip we have done.

Before & After Photos