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

Bobby & TaLisa Smith

Real Estate Solutions Today, LLC in Murfreesboro, TN
Bobby & TaLisa Smith with Bobby & TaLisa Smith

This deal came to us from a wholesaler. The property belonged to a woman who had recently passed away and the son did not want to keep the home. The owner had been an extreme hoarder and it was difficult to even move around and view the house for repairs. However, we did notice that the foundation was intact and that there were no signs of termites or even rodents. Once we had the belongings hauled away, we saw that we had an extra 800 sq ft of heated/cooled living space that we could use in the property square footage once we laid new flooring. That was a bonus! In addition to that, we were able to frame a closet in an extra room to make it a 4th bedroom...another bonus! We used a local hard money lender to fund this deal. The unique thing about this deal was that several investors before us walked away because the amount of stuff in the property scared them off. Not us! SOLD!

Rehab Details

Property City:
Antioch
Property State:
TN
Purchase Price:
$109,900
Repair Costs:
$75,000
Holding Costs:
$15,487
Sale Price:
$230,000
* 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?

Being Mastery students, we knew that we could not lose on this deal if we followed the systems. From the repair estimator to deal analyzer, we were able to make well-educated decisions to make this property a win. The overall confidence that we had to go into this deal help us to see the potential where others could not.

Before & After Photos