rehab DEAL

Kathy Fleming

Straight-Up Properties LLC in Everett, WA
Kathy Fleming with Michael Fleming

This deal was found on the MLS. We negotiated the price from $308 to $250. The back yard was an un-intentional blackberry bush farm. The owners used inside and out as their personal garbage dump. We completely gutted the house and replaced everything including having to level the floor as it was sinking an inch in some places. We used our money for the down payment and got a Hard Money loan for the rest.

Rehab Details

Property City:
Lake Stevens
Property State:
WA
Purchase Price:
$250,000
Repair Costs:
$52,000
Holding Costs:
$20,000
Sale Price:
$445,000
* 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?

The systems FortuneBuilders has in place made this deal easy for me to run. I was constantly on the master site listening to webinars, using documents and checklists and looking at SOW's. Also, the coaches helped with questions The project took me a little longer than planned due to lack of supplies and the wrong painting contractor we hired and fired.

Before & After Photos