Rehab is everything in real estate. Most Realtors and Investment "Experts" will not touch it.
It's hard work when done correctly and it needs to be budgeted and checked every week. This property needs to be detailed out to sell it. That is what we are doing for this client and I'm making sure it's getting done. The contractor will be laying the floor this weekend and getting this property ready to put on the market. Material and labor for this floor is considerably less for my client because we purchase in bulk giving our clients an advantage of making a lot more money! This property was leased for basically 3 Years and netted over Approx $30,000 in lease profit.This property was purchased and rehabbed for under $80,000 Second Rehab after the first tenant was $5,000 for a total of Approx $85,000The property is worth Approx $175,000 After Rehab. That is a $90,000 Equity position + $30,000 in rental income over the time this client has owned it.Do the numbers and call me (Brett) 216-703-5740 Fathom Realty or WhatsApp me
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Thank you