Christine Stokes Rehab Deal

 

Christine Stokes Rehab Deal

Freestyle Property Solutions, LLC in Lincolnton, NC

We found this deal through the market systems that were taught to us in IQA, by setting up automatic emails through craigslist. Purchased this double wide mobile home from a wholesaler. The owner was a tired landlord and did not want to make the necessary repairs to the home. We have a private money lender who we met at the Orlando bootcamp in 2019 was ready and willing to provide funding with us again. This home had septic and plumbing issues. It caused water damage to the floors, wet crawlspace and due to the leaks, it continuously filled up the septic tank and saturated the drain field. Once fixed, it resolved the issues. We updated the kitchen, bathroooms, flooring, and added a deck. Freestyle Property Solutions enjoys helping families and improving neighborhood as we did with this one.

Rehab Details

Property City: Lincolnton
Purchase Price: $69,500
Repair Costs $49,122
Holding Costs: $18,659
Sale Price: $200,000

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Case Study

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

We found this deal through the market systems that were taught to us in IQA, by setting up automatic emails through craigslist. We used the repair estimator and deal analyzer to help accomplish this deal.




Before & After Photos