This home belonged to an absentee owner who lived in another state. She was renting the home to family members who agreed to fix up the house in exchange for rent being paid. Within a few months, the home was in worse shape than when they started living there. The owner didn’t have money for repairs and she didn’t want to put it on the market. We structured an owner finance deal.
How did the FortuneBuilders team and resources help you to accomplish this deal?
FortuneBuilders helped us understand Owner Finance and Subject to. We used Owner Finance on this property and allowed us to give the owner a little more money in her pocket and she has now become a Lender for other projects.