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rehab DEAL

Zander Burger

Zander Property Group in Palm Coast, FL
Zander Burger with Jay Todd Buch

This was a bank-owned property listed on the MLS, we were the backup and second in line on this deal. The first offer fell through because they couldn't get finance and we were able to purchase the property because we could pay cash. Repairs done on this property: We painted inside and outside, redid the kitchen and repositioned it, put in new granite counter tops, new appliances. We redid the bathrooms, put in new lights throughout the house. What was unique about this deal was that we started offering the buyers $1000 towards inspection repairs so that they accept the $1000 and do the repairs themselves. This worked very well and helped us to sell this house a lot quicker.

Rehab Details

Property City:
Palm Coast
Property State:
FL
Purchase Price:
$141,223
Repair Costs:
$30,806
Holding Costs:
$14,487
Sale Price:
$207,000
* 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 taught us to be backup on offers we make to purchase properties when we do highest and best. This enabled us to purchase this property and also to develop a relationship with the agent. The relationship with this agent has resulted in us purchasing four properties already.

Before & After Photos