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rehab DEAL

Raelynn Beachler

Hidden Diamond Homes in Wabash, IN

This was an MLS foreclosure held by a local bank on the market for a long time due to the condition. We initially offered 32K but after inspection realized there was no legal septic and it had multiple other issues. We provided estimates and bank accepted 16K. We learned a lot on this one about how the calendar affects sales, septics, contractors, and contingent offers. After 3 accepted offers and not renewing the realtor contract, we finally sold it ourselves to the perfect buyer!

Rehab Details

Property City:
Wabash
Property State:
IN
Purchase Price:
$16,000
Repair Costs:
$87,850
Sale Price:
$122,000
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Case Study

How did the FortuneBuilders team and resources help you to accomplish this deal?

If we had not followed the systems and made the offer with an inspection contingency and left that 30% LTV buffer we would have lost money. Follow the systems!!

Before & After Photos