Ronald Eicholtz
C&R Home Buyers, LLC.
in Washington Crossing, PA
Ronald Eicholtz with Cheryl Eicholtz
This property was a reverse mortgage MLS deal. We personally funded this property as the profit was tight to use hard money. This was a 1,200 sq. ft. property in the original 1950's condition which we expanded to 2,400 sq. ft with 4 Bedrooms and 3 Full Baths. Everything is new including new roof, siding, double hung windows, new HVAC / Central Air system, appliances, 200 amp electric, plumbing, kitchen cabinets, counters, lighting, carpet, baths, exterior/interior doors, hardware, and a double-wide asphalt driveway. This was a 3-month project and was quite challenging as we added the second story while managing a front exterior wall which was bowed. We sold this home through our realtor within one week of listing and for the full asking price.
Rehab Details
Property City:
Levittown
Property State:
PA
Purchase Price:
$170,000
Repair Costs:
$131,115
Sale Price:
$360,000
Case Study
How did the FortuneBuilders team and resources help you to accomplish this deal?
The repair estimator was key in understanding our cost. We also had to manage our milestones closely to hold GC accountable for meeting tight deadlines and to ensure no cost overruns.
