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rehab DEAL

Josh Jacobsen

J&T Property Solutions, LLC in ,

This property was a foreclosure on the MLS. I drove past this house for months before joining FortuneBuilders. With the knowledge that I learned from FortuneBuilders, I submitted an offer to the listing agent and it was accepted right away. rnThe house was in bad shape. We had to do a lot of repairs that I didn’t account for in my estimates, but it still worked out. I was planning on remodeling the kitchen and baths, replacing the flooring, and painting the interior. rnOn top of that, I found some rotten floor joists, white mold in the subfloor of the living room, a bad roof, and a missing upstairs HVAC unit. The kitchen needed to be opened up. There was a wall with a door leading into the dining room. rnWe removed the wall and added a bar to make it flow better. We replaced a shower in one bathroom and a tub in the other, they were both dated. rnWe replaced the roof and repaired some facia. The living room floor was completely removed and the floor joists were repaired. The flooring throughout the house was replaced with carpet and Laminate vinyl plank. rnTo increase curb appeal, we added a large deck to the back of the house, which required us to move the HVAC units. rnAfter we were finished, we increased the 2,588 square foot, 3 bedrooms, 3.5 bathroom house to a 4 bedroom, 3.5 bathroom house with 2 master suites. rnWe had a cash offer on the property for asking before it was ready to sell, and it was under contract two days later. rn

Rehab Details

Property City:
Whiteville
Property State:
NC
Purchase Price:
$105,000
Repair Costs:
$128,311
Sale Price:
$272,000
* 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?

We used the deal analyzer to estimate the repair costs before making an offer. We also submitted the deal for review and completed the Scope of Work using templates from the website. Without the training from FortuneBuilders, we would not have made this happen. rn

Before & After Photos