Charles MacDonald
Lionheart Luxury Properties
in Petaluma, CA
I found this deal while working with one of my agents. We’ve looked at and walked through 71 properties during the first few months of business and put in over 30 offers. Most of the properties were listed too high for a renovation deal to make sense. rnBefore I headed out to San Diego for my first Bootcamp my agent sent me a list of properties to review. I noticed this property was in Foreclosure and looked like it had a lot of potential. We walked the property and followed the FB process and submitted an offer. I got a call while at the Bootcamp that our offer was accepted! rnWe did a complete stunning renovation to the property. The neighbors were extremely happy to see a distressed property in their neighborhood come back to life & increase values. I funded deal the using an HML & PML. rn
Rehab Details
Property City:
Vallejo
Property State:
CA
Purchase Price:
$425,000
Repair Costs:
$88,000
Sale Price:
$570,000
Case Study
How did the FortuneBuilders team and resources help you to accomplish this deal?
Using the FortuneBuilders systems and resources was essential in keeping everything on track and towards our success. rnThere were many challenges that came up, but by following the 6 Critical Documents was essential and was a critical component when some contractor issues came up. Utilizing coach calls for guidance as needed. rnI had strong Perseverance, Commitment & Mindset to accomplish the project in light of the many challenges that came up. The FortuneBuilders resources & community is incredible for support when needed.rnrnrn
