Christine Stokes Rehab Deal

 

Christine Stokes Rehab Deal

Freestyle Property Solutions, LLC in Lincolnton, NC

Took this eye sore and made it into a really cute new home that was very much appreciated by the neighborhood. This was a vacant home that was known to be a place for to squatters, drug addicts, and even a loose domesticate black and white rabbit who lived under the house. We enjoyed hearing the comments from the nearby neighbors who watched the transformation happen and the expression of those that passed by with amazement. This was a full gut, down to the studs. Had a lot of discoveries along the way and learned a lot, but we conquered, persevered and made a good profit. We purchased it from another investor, funded the deal with a private money lender and now 6 months later, SOLD!

Rehab Details

Property City: Lincolnton
Purchase Price: $42,500
Repair Costs $80,411
Holding Costs: $17,664
Sale Price: $167,060

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Case Study

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

Networking and relationships with other investors played a big part in this deal. I met my private money lender at the Orlando bootcamp, met investors at our local fortune builders’ group meeting where the relationships presented this opportunity to purchase. The use of the repair estimator, deal analyzer, scope of work and contractors packet were key to the success of this deal.




Before & After Photos