Steve Raifsnider Rehab Deal


Steve Raifsnider Rehab Deal

Property Prophet Inc in Bellevue , OH

rnI was told about this deal by a friend, so I looked up the owner on the county auditor’s website. No one was living in the house. I sent a letter to the owner and received a response from the owner’s daughter in under a month. The daughter was in the process of getting the house put into her name. After waiting about 3 months for that to get done we were getting ready to close and the title company called and said we couldn’t close because of the tax stamp the property line ran right down the middle of the neighbor’s house, so the owner had to have a survey done on the house. Finally, in February we closed on it and started working on it, new roof, and new windows, painted the outside, new furnace & central air, some new drywall, new doors, new kitchen, took down some trees, landscaped & all new paint & flooring on the inside. We funded the deal with a home equity loan & 401Krn

Rehab Details

Property City: Bellevue
Purchase Price: $19,000
Repair Costs $53,000
Sale Price: $93,000

* 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?

I watched a class Anthony Moore put on about sending out letters to motivated sellers. Without that class I wouldn’t have thought to do this.

Before & After Photos