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rehab DEAL
Jacob Skinner
Building Appalachia
in Charleston, WV
Jacob Skinner with Jordan Crist, Lia Dorchinez & Mackenzie Sansom
At first, we tried to purchase this house from the homeowners facing foreclosure. We were able to come to terms with them and help them out. Unfortunately, there was a tax lien on the house for about $33,000. The homeowners were unable to accept $33,000 less due to the amount owed on the property. The house ended up going into foreclosure. We were able to buy the home from the bank for less than what we offered the original homeowners. #WIN
Rehab Details
Property City:
South Charleston
Property State:
WV
Purchase Price:
$86,900
Repair Costs:
$76,860
Holding Costs:
$8,761
Sale Price:
$207,000
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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’
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Case Study
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