Rehab Loan Scenarios And Testimonials, Can I Do the Work Myself

Rehab Loan Property Scenarios

Pilot Point, TX

Purchase Price: $177,075
Appraised value after completion: $215,000
Total Rehab: $21,000.00
Repairs/Improvements:

  • Foundation Repair
  • Insulation
  • Repair Exterior Cracks and Rotting Wood
  • Replace Shutters

 

 

 

 

 

 

Garland, TX

Purchase Price: $154,900.00

Appraised value after completion: $220,000.00
Total Rehab: $47,000.00
Repairs/Improvements:

            • Broken window repair
            • Flooring
              • Bathroom Renovation
              • Kitchen Appliances & cabinets
              • Extensive Foundation Repair
              • Patio addition

 

 

 

 

Grapevine, TX

Purchase Price: $135,401.00

Appraised value after completion: $210,000.00
Total Rehab: $61,556.40
Repairs/Improvements:

                • New Roof
                • Landscaping
                • Flooring
                • Bathroom Renovation
                • Kitchen Appliances & cabinets
                • Foundation Repair

 

 

 

 

Dallas, TX

Purchase Price: $120,000.00

Appraised Value After Completion: $220,000.00
Total Rehab: $82,263.50

Closed “As Is” With These Issues:

        • Cracked exterior brick
        • Electrical not up to code
        • HVAC not working
        • Termite damage
        • Damaged siding

 

 

 

 

Dallas, TX

Purchase Price: $226,000.00

Appraised value after completion: $305,000.00
Total Rehab: $56,643.50

Closed “As Is” With These Issues:

  • Master bath missing all fixtures and plumbing was damaged
  • Septic System was not functioning
  • Electrical system not up to code
  • No appliances in kitchen

Repairs/Improvements:

  • Installed new carpet & updated granite in kitchen
  • Replaced septic system
  • Installed new appliances in kitchen
  • Upgraded electrical system and installed new lighting fixtures

 

Dallas, TX

Purchase Price: $111,000.00

Appraised value after completion: $265,000.00
Total Rehab: $54,200.00

Closed “As Is” With These Issues:

  • Missing windows
  • Damaged HVAC
  • Out of date electrical system
  • Foundation issues

Repairs/Improvements:

  • Replaced all doors and windows
  • Repaired sheetrock and foundation
  • Replaced HVAC, appliances, and cabinets

 

 

Dallas, TX

Purchase Price: $135,182.00

Appraised value after completion: $190,000.00
Total Rehab: $28,482.00
Closed “As Is” with these issues:

  • House had mold issues
  • Foundation problems
  • Pool needed cleaning and fence around pool was damaged
  • Plumbing not up to code and missing fixtures throughout house

Repairs/Improvements:

  • Cleaned mold and completed air quality testing
  • Repaired foundation, interior wall damage, and painted entire house
  • Installed new plumbing, hot water heater, and fixtures