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rehab DEAL

Karen Fukumura

Bay Property Solutions, LLC in El Cerrito, CA

We purchased a 2BR, 1BA single-family home from a mother who lived 750 miles away from the property. The mother's son lived in the house for years, but after becoming an alcoholic and falling behind on his mortgage payments, the mother decided to relocate the son to live with her. The house had significant smoke and pet smells, and needed other repairs to make it move-in ready. The mother felt overwhelmed, frustrated, and anxious - she now owned a liability instead of an asset. The mother needed someone on her side. Working with her agent, our Bay Property Solutions team spent the time to understand her situation and develop a win-win solution. We took the property as is, offered a quick close, and eliminated the mother's burden. The mother was grateful and relieved to be able to use the funds from the house sale to help her son get back on track with his life.

Rehab Details

Property City:
Oakland
Property State:
CA
Purchase Price:
$485,000
Repair Costs:
$45,000
Holding Costs:
$47,000
Sale Price:
$550,000
* 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 attended the Rehab Bootcamp and scheduled weekly coaching calls.

Before & After Photos