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rehab DEAL

Jordan Crist

Building Appalachia, LLC in South Charleston, WV
Jordan Crist with Jacob Skinner

This house was a foreclosure purchased through the MLS. The true ugly duckling of the neighborhood, this house sat vacant for at least 3 years, the neighbors were thrilled when they found out we were planning on completely renovating the house. It was a very odd layout called a 4-level split with 3 beds and a full bath located at the top floor of the house; only a single living room and coat closet on the main floor when you walk through the front door; a kitchen, dining room, and living room located on the lower floor with 2 exterior doors exiting to the rear and side decks; then a basement that we converted into a full bath with a laundry room and utility room. The odd shape was a deterrent for quite a few buyers but we knew a young bachelor that wanted a large deck with a little yard would fall in love with the house and that's exactly what happened. The house was re-listed with the same realtors that sold us the house on the front side, potential to make 2-4 commissions on a single house is always a nice incentive for realtors.

Rehab Details

Property City:
Charleston
Property State:
WV
Purchase Price:
$25,000
Repair Costs:
$55,182
Sale Price:
$125,000
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Case Study

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

This was the first house that we acquired after joining FortuneBuilders. We had done 3 other flips before FB, but we immediately implemented FB strategies for building a rock solid scope of work and putting contractors under a legitimate contract and payment schedule, which paid off HUGE in the end because the contractor tried to overcharge us without submitting proper change orders.

Before & After Photos