Leycester Drive

Challenge

Leycester Drive was a 3 bedroom, 2.5 baths, 2550 square feet ranch style home. This property was in pre-foreclosure and was 1 to 2 weeks from going to sheriff sale.

Solution

We were able to stop the sheriff sale and come to an agreement with the homeowner to purchase the property for $161,500. In addition, we were able to get the homeowner to carry a second for $31,500.

By The Numbers

  • Purchase: $130,000
  • Second: $31,500
  • Rehab: $40,000
  • Invested: $201,500
  • Value: $276,000
  • Profit: $74,500

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