FREE ONLINE CLASS
Learn How To Start Investing In Real Estate
FREE ONLINE CLASS
Learn How To Start Investing In Real Estate
rehab DEAL

Kousal Sok

SK Realty & Investments, LLC in Long beach, CA
Kousal Sok with San Sok

This once small, dark, uninviting, fixer upper was brought to us by my realtor friend. We were so afraid of being in over our heads, but we ran our numbers, did our research, and knew it was in a desirable area of Wrigley.rnrnTo give the home an open concept design, a new kitchen layout for more storage and functionality, closets rebuilt with extra storage, new paint, lighting and flooring the initial rehab cost was estimated at $46K. rnrnThis house has the largest front yard on the block, but no curb appeal. We ended up spending an additional $10K to add brand new sod, gravel landscaping, and mulch to the entire front and backyard, along with a new concrete step walkway. rnrnIt was well worth the investment; the new landscaping literally brought the house back to life. rnThe neighbors were so grateful. I even had one say, “Wow. Now, that’s a grand entrance”. rnrnThe neighbors are excited about their home values increasing, and we made a decent net profit. The buyers even wrote us a nice letter with their offer expressing their excitement of being the new owners of this beautifully remodeled home; it was humbling. rnrn We are super proud of ourselves for successfully completing our first rehab together....and we’re still married!!! Hehehe.rn

Rehab Details

Property City:
Long beach
Property State:
CA
Purchase Price:
$417,000
Repair Costs:
$56,000
Sale Price:
$570,000
* 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?

We couldn’t have done this rehab without the help of FortuneBuilders. Every time we were afraid, nervous, or unsure I would reach out to the community and received the feedback I needed to push forward. I am truly grateful to be part of this amazing family!

Before & After Photos