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rehab DEAL

Jani Friedman

Tyrus Investments LLC in Petaluma, CA

I couldn't find a home to renovate 8 months into my FortuneBuilders mastery program. So, I bought a mobile home and tried to renovate it. Hard lessons in building and repair costs. Also, the mobile home park monthly fee is expensive especially since my renovation took 6 months longer than expected. My Repair budget was $50,000 but it ended up costing $77,000. Therefore my profit was only 2.6% or $5,148.

Rehab Details

Property City:
Petaluma
Property State:
CA
Purchase Price:
$75,000
Repair Costs:
$77,000
Holding Costs:
$18,043
Sale Price:
$200,000
* 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?

Coach Patrick Judd helped me keep going even though I nearly had a meltdown halfway through the project.

Before & After Photos