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rehab DEAL

George Herchenroether

GLG Homes, LLC in Naugatuck, CT
George Herchenroether with Lisa Herchenroether

We acquired this deal through our network of other investors and wholesalers. The deal was funded 100% through our hard money lending partner and a private lender for gap funds. Our renovation scope accounted for whole house paint, custom trimwork, sheetrock install as well as plaster repair, doors, hardwood floors refinishing, new floor installation, exterior entryway, re-wire, cast iron plumbing removal and pex/pvc install, bathrooms, kitchen, fixtures and vanities. The "unique" aspect of this deal was more about how it further demonstrates the fulfillment of our strategic plan for acquisition, buyer and property profiles.

Rehab Details

Property City:
New Britain
Property State:
CT
* 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?

We applied all of the acquisition systems, checklists and documents for working with another investor to purchase this on assignment. We use the same systems for our PML set up, funding and promissory close out. We used lessons from previous rehabs and coaching reviews and applied those to this renovation sope planning and contractor management. The renovation systems helped us keep contractors in-line and demonstrate to them that we are not hobbyists.

Before & After Photos