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rehab DEAL

Jennie Berger

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
Property State:
IL
Purchase Price:
$266,500
Repair Costs:
$175,000
Holding Costs:
$37,000
Sale Price:
$595,000
* 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 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