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rehab DEAL

Steve Letosky

Hamerkop Home Solutions, LLC in Lindenhurst , NY
Steve Letosky with Paul Letosky

We found the deal on the MLS. It was on the market for a couple of months and then there was a big drop in price. We were able to discover that the seller had been relocated for work and was egger to move. We funded the project with a hard money lender for purchase and rehab and a private money lender for gap funding. We did quite a bit of work to the house being it was built in 1925. Scope of work was a roof, new Kitchen, adding a second bath, pouring concrete in basement to seal it, new hardwood floors trough out, and all new interior doors.

Rehab Details

Property City:
West Babylon
Property State:
NY
Purchase Price:
$268,000
Repair Costs:
$89,000
Holding Costs:
$14,000
Sale Price:
$435,000
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Case Study

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

The educational pieces have been a huge resource. What made our profit less than anticipated was that we held on to it too long cause we didn't follow enough direction. We learned a lot and are going to CRUSH the next one. Thanks for your Support!

Before & After Photos