Giuseppe \'Pino\' Tenerelli Rehab Deal

 

Giuseppe \'Pino\' Tenerelli Rehab Deal

APHI - Affordable Pro Homes & Investments, LLC in Palmdale, CA
Giuseppe \'Pino\' Tenerelli with Patsy Tenerelli

This deal was from a call on one of our Bandit Signs. The only way this deal would work was to acquire it using Subject To technique. The house was in great condition, but very outdated, so the rehab was cosmetic. We sold on the MLS. The most unique thing about this deal was how we were able to help the sellers out of a major bind! They had no idea where their next mortgage payment would come from, and wanted to move to Oregon. Using Subject To, we were able to help and provide them a solution!

Rehab Details

Property City: Palmdale
Property State: CA
Purchase Price: $242,860
Repair Costs $32,790
Sale Price: $319,163

* 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 one of the FB marketing techniques to deploy a Bandit Sign campaign. Also, using the Subject To option when purchasing this home, helped us acquire it as regular hard money financing wouldn\'t allow for a profit.




Before & After Photos