Jill's Rehab Deal - FortuneBuilders

FREE ONLINE CLASS

Learn How To Start Investing In Real Estate

FREE ONLINE CLASS

Learn How To Start Investing In Real Estate

rehab DEAL

Jill Henry

Property Quest Solutions, LLC in Boxford, MA

Jill Henry with Todd Henry

This deal was found during our immersion weekend with Rick Howell in Manchester, NH. It just so happened that one of the houses we viewed on our rehab practice was an available HUD home. We put in our offer for practice thinking that it would not get accepted, but it did. This house was a complete interior rebuild. It had mold along with the other issues that go with a home sitting vacant for 3 years so everything was replaced: electrical system (fusebox), plumbing switched to PEX, new main drain stack, sheetrock, insulation (both wall and ceiling) new flooring, kitchen, bathroom, closets were there were none, flooring, paint, trim, etc. This home was sold just prior to completing the project with the help of a neighbor and it sold for a record-high $285 per square foot when the average home in that area was selling for $254 per square foot.

Rehab Details

Property City:

Manchester

Property State:

NH

Purchase Price:

$122,000

Repair Costs:

$92,248

Sale Price:

$247,000

* 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?

The FortuneBuilders team and resources were instrumental in helping us put together the scope of work, contractor contracts, and checklists to make the renovation move along smoothly. We’ve only been with FortuneBuilders a few short weeks, and we were able to leverage the systems to put together a great team of like-minded individuals to move this project to completion.