Jennie Berger Rehab Deal

 

Jennie Berger Rehab Deal

Property People LLC in Chicago, IL
Jennie Berger with Gregory Kyler

We found this deal with one of our realtors via the MLS. We self funded the puchase and worked with a local hard money lender for the rehab. This was a bank owned property that had multiple offers on it. Ours was accepted because it was a strong cash offer that waived inspection, took the property as-is, and offered to close as quickly as the bank would permit. It was a full gut rehab of a 1920's classic Chicago bungalow.

Rehab Details

Property City: Chicago
Purchase Price: $266,500
Repair Costs $175,000
Holding Costs: $37,000
Sale Price: $595,000

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Case Study

How did the FortuneBuilders team and resources help you to accomplish this deal?

We are very grateful for the systems and software programs Fortune Builders provides. Because of the deal analysis for flips, we nailed our numbers! The scope of work template--while extremely long and complex--enabled us to put a lot of things in place (eg fixtures, finishes, colors, etc.) to stay ahead of the curve.




Before & After Photos