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rehab DEAL

Tim Hall

Swell Real Estate Investments inc in Monticello, FL
Tim Hall with Lee Hall

We found the deal on the mls for $110,000 and we put it under contract for around $100,000. After having an inspection we found lots of termite damage. We renegotiated with the sellers and got the place for $75,000. We fixed the termite damage ($8000) and got a termite bond on it so there would never be any termites again. We then rented it out for $1500 a month and made $350 net profit every month on it. After the tenant left we rehabbed the property and have just sold it.

Rehab Details

Property City:
Tallahassee
Property State:
FL
Purchase Price:
$75,000
Repair Costs:
$25,000
Holding Costs:
$8,000
Sale Price:
$235,000
* 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?

They taught us to think outside the box, believe in ourselves and we used the network to secure private money and had zero out of pocket expenses.

Before & After Photos