rehab DEAL

Joshua Buchner

Made Better Properties in Citrus Heights, CA
Joshua Buchner with Amanda Meadows, Toby Meadows

This deal was found on craigslist as a FSBO and other investors made offers but the seller sold to us at a lower price than other investors offered as Amanda built a great rapport with the seller. This was a HUGE rehab that took about a year. We almost doubled the square footage going from 887sf to 1593 sf and added a 2nd bathroom. What makes this unique is that separate from the profit, about $60k in Labor was paid out to our family in the deal (contractors) so our total family win is over $100k.

Rehab Details

Property City:
Carmichael
Property State:
CA
Purchase Price:
$250,000
Repair Costs:
$194,000
Holding Costs:
$22,000
Sale Price:
$550,000
* 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?

FB & coaching helped a lot up front in negotiating with the seller. Curriculum helped with the long and extensive rehab process. We leaned heavily on our local FB RE group as well.

Before & After Photos