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rehab DEAL

Kurt & Dee Dee Von Ahn

VonAhn Properties in Mexia, TX

Our Realtor brought a house to us from his family. They had previously been offered 60k for the house 1 year earlier but rejected it. They chose us to do the rehab because they had seen other work we had done and were very impressed knowing we don't do "lipstick on a pig" work. We payed cash for the house and then secured a construction loan from the bank during the rehab. From date of close rehab took 67 days and we had multiple full price offers and sold the house in 2 days 5k above asking price and they paid closing costs.

Rehab Details

Property City:
Mexia
Property State:
TX
Purchase Price:
$30,000
Repair Costs:
$60,000
Holding Costs:
$10,000
Sale Price:
$170,000
* 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?

This would not have been possible if not for the recourses of FB specifically the "scope of work" and the 6 critical documents. It helped us to have a well organized very specific scope of work for bid and construction. The contract and SOW saved us from a contractor that tried to add thousands of dollars on the project for items that was already in the SOW bid sheet and signed off on by him.

Before & After Photos