Got this deal from the MLS while waiting for a unit in the same building.
We installed new floor, bathroom, and kitchen. All interior repairs since this is a historic building, thus we cannot touch the exterior.
Rehab Details
Property City:
Long Beach
Property State:
CA
Purchase Price:
$225,500
Repair Costs:
$28,000
Holding Costs:
$40,000
Sale Price:
$320,000
* 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 deal analyzer and repair estimator was a big help. Also, Hard Money Lender was sourced through a fellow mastery student.