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rehab DEAL

Jon Greany

North Star Property Solutions LLC in Lafayette, CO

This was easily the grossest house we’ve ever purchased. Worse than a drug house or hoarder house. We were the only buyers willing to move forward with it because it was in such bad shape and smelled! The seller was thrilled because they didn’t have to fix or clean the house. They were able to leave whatever they wanted behind and based on the four dumpsters we filled, they absolutely took us up on that offer.

Rehab Details

Property City:
Lafayette
Property State:
CO
Purchase Price:
$200,000
Repair Costs:
$54,503
Holding Costs:
$32,646
Sale Price:
$385,000
* 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 deal was a direct result of attending Ignite in 2018. In one of the tracks that Konrad taught, he said that the most money is made in transitioning areas. If they’re still a little sketchy that’s perfect. We expanded our marketing outside of the hip Old Town area we had been focusing on for the last year and into the surrounding neighborhood. Using Realeflow we did a five touch handwritten letter campaign and this seller reached out to us on the fourth touch.

Before & After Photos