James (Brad) Larsen Rehab Deal

 

James (Brad) Larsen Rehab Deal

Property Conversions LLC in Eugene, OR
James (Brad) Larsen with Sandra Larsen

This property owner called us from our Craigslist ads. They were afraid of their lender foreclosing on them as they were about 6 months behind on payments. We made them an offer using Subject-to financing and said we had the flexibility to allow them time to move after closing when they would receive a large portion of their equity. By working with a local attorney, we closed on the deal that included a significant holdback and allowed them 4 weeks to move. They thanked us for buying their house and helping them avoid foreclosure, and their mortgage was reinstated to save their credit record!

Rehab Details

Property City: Eugene
Property State: OR
Purchase Price: $238,400
Repair Costs $38,000
Sale Price: $342,000

* 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?

Before I joined FortuneBuilders, I had no idea how to market for houses using Craigslist, or what \"Subject-to\" meant. FortuneBuilders got me started with Craigslist marketing (which is free!) before starting other marketing that cost money and coached me through it all. And by going to Bootcamps and attending webinars, I knew that I could make an offer using Subject-to financing and that I\'d have the coaching resources I needed to figure it out as I went.




Before & After Photos