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rehab DEAL

Jacqueline Williams

Solid Ground Property Group in Laurel, MD

This was JV deal that was found by my JV partner who is also a real estate agent. We knocked the house down to the ground and re-built it adding a second story. Our house was the only house on this particular street with an attached garage so in addition to that, everything in the house was brand new. After being on the market for about 2 weeks, we reduced the price and were under contract within one week--a total of fewer than 30 days from listing to contract.

Rehab Details

Property City:
Washington
Property State:
MD
Purchase Price:
$260,000
Repair Costs:
$180,400
Holding Costs:
$358,780
Sale Price:
$624,000
* 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 emphasized networking which is how I met my HML and my JV partner. This deal was so successful that we are partnering on two more deals, which works for me since I am holding down a full-time job even during a pandemic. This is giving me real-time experience for when I go out on my own. The coaches showed me how to correctly use the Deal Analyzer so I had a good idea what to expect on this deal and future deals.

Before & After Photos