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rehab DEAL

Robert Perussina

Vitanova Properties LLC in SAN RAFAEL, 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
Property State:
CA
Purchase Price:
$1,140,000
Repair Costs:
$319,976
Holding Costs:
$206,592
Sale Price:
$1,850,000
* 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?

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