Jason Royer Rehab Deal

Rehab Details

Property City: Greenwood
Purchase Price: $47,005
Repair Costs $27,500
Holding Costs: $8,450
Sale Price: $107,000

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Case Study

How did you find and structure the financing of this deal?

We purchased the home at a Sheriff sale (Auction) and it was funded with a private investor.

Provide a summary of the repairs and improvements you made to the property.

Finished the attic space, put a new kitchen, HVAC, bathroom, flooring, paint, fixtures.

How did you find a buyer for the property if you sold it?

We listed the property for sale on the MLS through our brokerage.

What are some of the major lessons learned that you would like to share with other students that they can learn from?

Make sure to not discount a home because it may only have 2 bedrooms, or less space than other homes. If you can take a home like we did and convert an attic or basement into more living space, you can add a lot of value.

Before & After Photos