Nick Martin

MREI Homes in Tempe, AZ

Nick Martin with Annette Martin & Ben Vermillion

The deal was acquired through a private lender who foreclosed on a borrower and was offering it as a wholesale deal. The deal was funded through a fellow FortubeBuilders student who was looking to seek hands-on education by doing a deal. This particular rehab was a full gut with about 700sf addition, detached garage, and adding a pool. The home was located in a historic district, so the original structure had to follow historic preservation guidelines. The home was built to achieve a historic/modern design.

Rehab Details

Property City:

Phoenix

Property State:

AZ

Purchase Price:

$232,500

Repair Costs:

$275,000

Holding Costs:

$125,000

Sale Price:

$710,000

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Case Study

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

We were able to utilize the FortuneBuilders network to successfully complete this project.