FortuneBuilders

Jeff Spiker Rehab Deal

Boost Properties in Denver, CO
Jeff Spiker with Jeff & Heather Spiker

We found this deal through a local wholesaler and won the coin flip at the group showing! The purchase price was funded with hard money and we funded the rehab through lines of credit and personal funds. We actually listed and got the property under contract before it was even done. Saved money on interest but was more challenging in regards to buyer satisfaction.

Rehab Details

Property City:	Denver
Purchase Price:	$525,000
Repair Costs	$177,000
Holding Costs:	$90,000
Sale Price:	$845,500
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

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Jeff Spiker Rehab Deal