Herve Francois

Innovative Realty Group in Lawrenceville, NJ

We found this deal through a broker based in Washington, D.C. We funded the deal with our own capital and a conventional loan. The renovation was a full gut - we replaced all the floors, plumbing, electrical, put in a brand new kitchen with all new appliances and new bathrooms. We also installed HVAC, a new deck and provided completely new landscaping. What was unique about this property is that it was purchased as an entire building and then we proceeded to convert each unit (total of 4) into their own condominium.

Rehab Details

Property City:

Washington

Property State:

DC

Purchase Price:

$193,750

Repair Costs:

$75,000

Holding Costs:

$5,000

Sale Price:

$449,000

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Case Study

How did the FortuneBuilders team and resources help you to accomplish this deal?

FortuneBuilders' resources used to help accomplish this deal was using the SOW and all 6 related documents.