Since joining the Fortune Builders Mastery program, we have dramatically changed our outlook, process, and systems for rehabbing properties. We have completed two rehabs totaling over $40,000 in profit (PROFIT, not revenue!) in the last 9 months! We are starting a third rehab and are working on several short sales as well. The Mastery Program has allowed us to create several streams of new income and it just keeps getting better!
I hope this inspires others to learn from you guys. My wife and I bought a partially rehabbed home in a transitional area for $186K. The owners spent a ton of money on granite, glass tile, antique stove, etc. They probably spent close to $80K on the back yard and patio. But the roof leaked, paint was bad, interior walls were cracked, etc.
We just wanted to share the successes of our biggest rehab project to date. This project was a complete gut and rehab and only took us 119 days from close to close. We bought this home for $64,000, had $92,000 in rehab costs and sold it for full price in 24hrs at $219,900. That left us with a profit of a little over $48,500!
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