Bela Schuch Rehab Deal

 

Bela Schuch Rehab Deal

B&L Quality Homes, Inc in Albany, NY
Bela Schuch with Laurie Schuch

We found this deal on an auction site that we have purchased many houses from already, after several attempts bidding we finally won the bid by being consistent. This house was a bank foreclosure. The home was occupied by the former owner. I actually found out his contact info and called him up and asked if I could take a look at the inside. After giving him limited information about what was going on with the property he was grateful for the information and let me tour the home. He moved out the day before closing. We installed a new kitchen, Tile in Kitchen, bath, and hallways. Cleaned the rest of the laminate floors already there. Gave it a fresh coat of paint and fixed some of the mechanicals. We put it on the market and sold it in one day at full price!

Rehab Details

Property City: Schenectady
Property State: NY
Purchase Price: $100,000
Repair Costs $25,000
Sale Price: $159,900

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Case Study

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

FortuneBuilders taught us to always follow through. Being patient and persistent got us this deal. Building rapport with the former owner may have saved us thousands just by being able to tour the property and because he moved out. Knowing the market and our ARV\'s was the key factor in our SOW, learning how to buy right, coming up with a Scope of work and remaining within budget, Thanks to FortuneBuilders!




Before & After Photos