10/23/2025
Closing Congratulations to this guy!
I met Kurt earlier in the spring through my teammate Jami (who relocated to Italy last year). He had been renting his first house out for the past 15+ years through a property management company, and was very hands off over that time. When he described the house to me, it sounded like something we could work with.
However, when I first saw the house in person I was taken back by the crumbling paint on the exterior, old roof, overgrown weeds, etc. I had a very real conversation with Kurt and let him know we'd have a heck of a time getting even $300K for the house as it was on the wholesale market. Thankfully Kurt had the means to do the improvements that I suggested and he trusted me to execute all of the work. I sourced contractors for a structural evaluation, roof & gutters, new exterior stucco, fresh paint on the interior + lots of love on the landscaping.
This was a love project for me, and paid off with a $400,000 Sales Price. As Kurt put in $30,000 to get the house up to market standards, he was able to net an additional $70K compared to what he likely would have gotten if he sold the house "AS-IS." This was an even more profitable return on his original investment, having purchased for $126,000 in 1998!
If you have a house that needs some love but you just don't want to deal with what it will take to bring the value up, call me - I enjoy helping my clients make more money and am happy to G/C projects for you!