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rehab DEAL

Eric Shudak

Neighborlee Homes LLC in Mountain Top, PA

This deal came to us from a phone call from another Mastery student, Matt Whitney of Electric City Homes. rnMatt called me and said there was a post on Craigslist that I should check out. He sent me the link since it was a posting for a house for sale in my home town of Mountain Top. rnI reached out to the owner and ended up buying the house I was calling about plus another property she had on Woodlawn Ave. rnIt was a double win! For the simplicity of this flyer, we will focus on North Main St. We purchased this property for $50K and had a rehab budget of $55K. The ARV was estimated at $159k. rnOnce it hit the market, we had multiple offers but did not choose the highest bid. The cash offer no contingencies was exactly what we needed. rnWe closed at $145K with a $17K profit, a nice single in the game of rehabs. The Woodlawn house that was part of this deal was double! rn

Rehab Details

Property City:
Mountain Top
Property State:
PA
Purchase Price:
$50,000
Repair Costs:
$55,000
Sale Price:
$145,000
* 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?

Matt Whitney, a Mastery student was looking out for me!! Thank you Matt! As always, the digital tools of the due diligence process is always appreciated!

Before & After Photos