FortuneBuilders

Charern Lee Rehab Deal

Skyline Property Ventures LLC in Duluth, MN
Charern Lee with Jara McLarren

We found this deal on the MLS. It was a local foreclosure. We were rehabbing it to live in, but one month in the rehab my fiance got into medical school a state away. We switched our exit strategy to a rehab and sell. We replaced the kitchen, bathrooms, lights/switches/outlets, appliances, hardware, windows, doors, plumbing, HVAC systems, roof, and painted the exterior and interior of the house.

Rehab Details

Property City:	Duluth
Purchase Price:	$236,000
Repair Costs	$75,000
Holding Costs:	$39,000
Sale Price:	$384,000
Gross Profit:

* 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 FortuneBuilders team helped coached us to find the deal and to find contractors.

Charern Lee Rehab Deal