Dan found Harrington Street for one of his investment clients. After Dan’s market and ROI analysis, he advised his clients that this property would meet their needs. Dan recommended a purchase price of $55,000 and with $45,000 in renovation costs and closing costs, the final list price would most likely provide an ROI of 20%. The client hired Dan to head the project, hiring and overseeing contractors, permits and overall management.
After completion and continued market analysis updating, Dan’s projected sale price of $120,000 rose to $180,000 and was listed and sold at that price. Dan’s investors made a 85% return on investment, 65% above his original analysis of a possible 20% return.