Elvin Barnes Rehab Deal

 

Elvin Barnes Rehab Deal

GlenLynn Home Solutions in Indianapolis, IN
Elvin Barnes with Glenda Barnes

We found this deal through the MLS and funded this deal using a Hard Money Lender. The distressed home was built in 1910 and located in a rising community near downtown Indianapolis, IN. We completely gutted the interior, demoed the roof and exterior siding. Added a new electrical panel, wiring, plumbing, flooring, gutters, front door, and French doors leading to a new patio. Several walls were removed to create an open atmosphere throughout the home and relocated the laundry room upstairs and made the downstairs bathroom a full bath. Our team created a beautiful color scheme throughout the home and used some natural accents associated with the time of the home. After staging the home it sold within 9-month.

Rehab Details

Property City: Indianapolis
Purchase Price: $63,050
Repair Costs $100,240
Sale Price: $217,500

* 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?

The 7 stages of rehab that the FortuneBuilders system provides through Mastery has been proven to help you succeed if followed by the investor.




Before & After Photos