Doug Ladret
Sharper Edge Home Solutions
in Monument, CO
Doug Ladret with Lara Ladret
This deal was purchased through a wholesaler and funded by an HML and our company capital. We replaced all of the flooring with wood laminate and carpet. New light fixtures and appliances were also added. We refinished the cabinets and updated the full-bathroom which included custom porcelain tile. We completed a big yard cleanup and finished it up with mulch and landscape rocks. The garage was a mess, the neighbors said the dogs were left locked up in the there for weeks on end.
Rehab Details
Property City:
Colorado Springs
Property State:
CO
Purchase Price:
$224,000
Repair Costs:
$24,881
Holding Costs:
$19,391
Sale Price:
$282,500
Case Study
How did the FortuneBuilders team and resources help you to accomplish this deal?
We always use Rehab Estimator (customized to our market) and Deal Analyzer. Received good advice on FB Facebook regarding the popcorn ceiling in the lower family room. Best advice, rehab to the market which included many houses with popcorn so...we left it and gave it a fresh coat of paint. From purchase to sale was only 8 weeks. Full cash offer on day 2 of listing with NO inspection. Another interesting note - the buyer has already sold the house!
