Justin Tate

Heritage Home Solutions, LLC in Albuquerque, NM

Justin Tate with Jenna Tate

The seller called us from one of our indirect marketing campaigns. She was an elderly widow and was the original homeowner and had been trying to sell the property on her own for 14 months, she and her daughter had held an open house every Sunday for 14 months straight. Very little had been updated since it was built in the 1980's. It had a fully passive HVAC system with water filled columns lining the south wall of the house which was very detrimental to the resale value of the home. We removed the parquet flooring throughout and replaced it with a travertine tile. We installed new kitchen cabinets with granite counters, expanded the master bathroom, and installed all new forced air with ductwork.

Rehab Details

Property City:

Albuquerque

Property State:

NM

Purchase Price:

$303,326

Repair Costs:

$133,936

Holding Costs:

$58,891

Sale Price:

$555,691

* 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 were able to build rapport with both the seller and her daughter by using tools we learned in the Sales and Negotiation training. We were also able to manage our general contractor on an extensive rehab by using the FortuneBuilders contract and lien waivers.