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rehab DEAL

Alicia Hilderman

Hildy's Enterprises, Inc. in Las Vegas, NV
Alicia Hilderman with Brian & Nicholas Hilderman

Our son Nicholas, has become an amazing bird dog and found this foreclosure. We funded the deal using cash on hand, credit cards and a family loan. This was a total Rehab. The kitchen was updated with a new countertop, dishwasher, appliances and we also painted the cabinets. Planking was installed in the kitchen, bathroom and dining room, and new carpet and paint throughout the home. The bathroom was updated and we were able to create an additional room making the home a 5-bedroom. Halfway through the rehab, Brian contacted a future tenant/buyer who loved the home and the improvements we were doing and signed a lease and option to purchase agreement for $135,000. Cash flowing $1064-month with an ROI of 28%.

Rehab Details

Property City:
Chippewa Falls
Property State:
WI
Purchase Price:
$75,000
Repair Costs:
$22,695
Holding Costs:
$75,000
Sale Price:
$135,000
* 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?

FortuneBuilders assisted in the concept to Rent, do a Rent with the option to Buy or just sell the home. When we went into this deal, that is how we looked at it. It was built in 1890 and in a great neighborhood. We used the Deal Analyzer showing an 11% ROI and Repair Estimator at $42,448. Today our Buy/Sell/Rehab Summary shows the ROI at 27.5% and Rehab's cost was $31,435. The FortuneBuilders tools really work, Thankyou FortuneBuilders!

Before & After Photos