Robert Perussina Rehab Deal

 

Robert Perussina Rehab Deal

Vitanova Properties LLC in OAKLAND, CA
Robert Perussina with Kim Vu

We found the property through a Southern California Wholesaler. The seller was distressed and the wholesaler was able to negotiate the property down $160k from the asking price of $1.3M. The wholesaler charged us $60k for the deal. We knew it would be profitable and we wanted to do a larger project after having completed a few smaller ones in the past 12 months.

Rehab Details

Property City: OAKLAND
Purchase Price: $1,140,000
Repair Costs $319,976
Holding Costs: $206,592
Sale Price: $1,850,000

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Case Study

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

Using the FB systems, we were able to procure a new contractor who already had a building permit on the property. He liked our Scope of Work so much that he included it in his contract and we were able to monitor our costs and change orders effectively.




Before & After Photos