Bela Schuch
B&L Quality Homes, Inc.
in Albany, NY
Bela Schuch with Laurie Schuch
This is a property we purchased on an auction site, Being a licensed broker I was able to bid many times till they accepted my offer, We even received a $5,900 check at closing for the commission. It was a bank foreclosure and sat vacant for nearly 3 years. We had to have some extensive mold remediation done, replaced some of the damaged walls, replaced the HVAC, new kitchen, baths etc.. This is by far the largest rehab we have done to date. The rehab took 3 months. We listed it on the MLS and sold it in 3 weeks to a cash buyer
Rehab Details
Property City:
Clifton Park
Property State:
NY
Purchase Price:
$239,000
Repair Costs:
$80,000
Sale Price:
$375,000
Case Study
How did the FortuneBuilders team and resources help you to accomplish this deal?
After being a FortuneBuilder for nearly 6 years now, I have the ability to take action fast on deals because of the systems and tools we have available to us. I now have a team in place that is familiar with my systems when a deal comes along, they know exactly what to do. We have our scope, contractors, and funds in place before we even close. Every deal we do gets easier, we just keep duplicating the systems we use and fine tuning them along the way. Confidence and knowledge are key in analyzing these deals quickly and efficiently. Thank you FortuneBuilders!
