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| Rehab Success Gallery: Archive
Looking for some inspiration? Check out these successful rehab projects completed by Smith Rothchild clients. You'll get a behind-the-scenes look at how our clients found their properties, the challenges they faced, and how quickly they turned a profit. |
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| Return to current success stories |
| A rehabbing pro realizing her dream |
| Cynthia Woodcox Horton is a true inspiration for anyone looking to achieve independence and financial freedom. Although she used to have a full-time job, Cynthia now works for herself, rehabbing properties as well as owning a management company. She has completed more than five projects with Smith Rothchild, including this two-flat on the far South Side. Even though it was a total gut rehab, it only took her two months to completely rehab and sell the property. How did she manage such a quick turnaround? Cynthia has become a pro: she had the right resources in place and a buyer lined up before the work was complete. Because of the large volume of properties she rehabs, it is critical for her to have the right partner. Cynthia trusts Smith Rothchild because we give her "whatever I need, right on time. They are wonderful people to deal with," she adds. "There are no hassles and I get my cash when I need it. Smith Rothchild will work wonders for you." |
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Cynthia Woodcox Horton
Return on investment: 608% |
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| Finding a gold mine in a foreclosure |
| While Brian Wasz was working on another rehab project, he saw this single family home down the street. Seeing its potential immediately, he purchased it as a foreclosure. It took him about a month to rehab it from top to bottom: new windows, plumbing, electrical, kitchen, and bathrooms. Upon completion, Brian rented the property out for a year before selling it. It took less than 30 days to sell the property. This netted Brian an incredible 1049% return on his investment. A loyal Smith Rothchild client, Brian has completed 12 projects with us. He says that the expertise, speed of lending and advice he gets are what keep him coming back to Smith Rothchild. We're looking forward to helping Brian finance his next "diamond in the rough." |
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Brian Wasz
Return on investment: 1049% |
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| Investing in his community |
| Gary Tucker was tired of looking at the boarded-up building in his neighborhood. The dilapidated home was an eyesore. He decided to buy the building and rehab it; it would be a smart investment as well as a way to beautify his community. But there was one problem: Gary couldn't get the funding he needed. Then he called Smith Rothchild. "It was my last resort. No one else could do it," he says. Not only did he get his funding in two weeks, Gary also found that Smith Rothchild offered something else. "Expert advice. That's the difference. Smith Rothchild provides everything you need to successfully rehab property," adds Gary. In addition to making a smart investment, Gary is also giving back to his community. He works with a local college pre-apprenticeship program, training and hiring graduates. Not only is Gary beautifying his neighborhood, he's helping local kids learn skills to help them achieve a brighter future. |
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Gary Tucker and his "team"
Return on investment: 261%
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| Solid financing holds up |
| Jorge Gutierrez, an experienced property rehabber, had financed his past projects using his own cash. In this case, however, he is glad he chose to finance with Smith Rothchild. Jorge purchased this single family home and set about rehabbing it completely: new floors, bathrooms, roof, electrical, plumbing: the works. In the midst of rehabbing, he discovered an unexpected problem: a wall was pulling away from the house. This structural issue was very expensive to correct, and would have taken a serious toll on his bank account. Jorge refinanced his loan through Smith Rothchild in order to pay for the repair. Jorge was pleased with the service he received, and says he would not hesitate to finance with Smith Rothchild again. By financing with Smith Rothchild instead of financing on his own, Jorge freed up his cash to use for other projects. And he knows that the unexpected problems that can come up when rehabbing won't be quite so disastrous. |
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Jorge Gutierrez
Return on investment: 573% |
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