Steve Bieber Video Case Study

 

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Steve Bieber Video Case Study

San Diego, California


In this case study, I will walk you through a rehab deal located in San Diego, CA. I found this property by using the yellow letter mailer technique and I mailed the letters to targeted zip codes. The seller was talking to another investor who was slow in getting the funding. So when the seller called me, I reacted quickly to land the deal. I funded this rehab with a hard money lender plus some of my funds. The rehabbing costs came in 40% higher than I projected but, my conservative MAO calculations made the deal work. Prior to the listing date on MLS, I used professional staging, photography, and flyers to advertise this property during my open house. This deal moved fast, and after a little over 4 months completion time, I made an amazing profit of $ 77,316.



* 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.