Joseph Alt Rehab Deal


Joseph Alt Rehab Deal

Ultimate Homes LLC in Cuba City, WI
Joseph Alt with Arlene Alt

We found the property through a local real estate agent. This was a foreclosure in the country on a one-acre corner lot. The property was purchased by a private money lender. A local bank provided the funds for the renovations of the project. This property needed extensive renovation both inside and out. There was lots of debris that had to be cleaned up before we could begin the renovation process. We also had to have a perk test for the new septic system with state approvals before we could begin. Due to the extensive water damage on the back wall of the property, 75% of the framing had to be replaced and reinsulated. This property is new from top to bottom. The outside of the property has new siding, insulation, windows, landscaping, whole yard has new grass seed and trimmed trees. The inside has a new kitchen, with new stainless-steel appliances, new flooring and paint throughout, new doors and trim, two new bathrooms, all new light fixtures, new heating and cooling system, new water heater, new septic system with an updated well. The property was sold to the first couple who looked at the house and gave us a little over asking.

Rehab Details

Property City: Shullsburg,
Property State: WI
Purchase Price: $38,000
Repair Costs $82,565
Sale Price: $155,549

* These examples depicting income or earnings are NOT to be interpreted as common, typical, expected, or normal for an average student. Although we have numerous documented successful deals from our coaching students, we cannot track all of our students’ results, and therefore cannot provide a typical result. You should assume that the average person makes little to no money or could lose money as there is work and risk associated with investing in real estate. The students depicted have participated in advanced FortuneBuilders’ training and coaching. The participants shown are not paid for their stories; however, some of the students depicted may also be a FortuneBuilders' coach, and our coaches are compensated for their services. We believe in full transparency, so please read our Earnings and Income Disclaimers and Terms of Use.

Case Study

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

If it would not have been for the Fortune Builders classes and coach\\\'s guidance, we would not have know where to begin with this extensive project.

Before & After Photos