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wholesale DEAL

Carolina Allen

Quality Homes Reimagined, LLC in Tualatin, OR
Carolina Allen with Steven Allen

We found this property on Facebook, talked to the owner in May. They have had tough times due to Covid, including the death of loved ones. After looking at pictures I told them that they should list the property & would get top dollar. Gave them my good friend & agent's contact info so they could list. I got a call back from the owner in late August stating they just wanted to sell & wanted to know if I was still interested. I gave them my offer of $133,000, prior to our inspection. Our inspection found a leaking water pipe under the home that would cost about $15K to repair along with other items, the roof needs attention, a couple of broken windows, etc. This brought our purchase price to $100K, I knew this price wouldn't work for the homeowner because they owed $89K on the mortgage. So I offered to wholesale this home in hopes to find a buyer to take our place. Found a buyer to purchase at $150k plus closing costs.

Wholesale Details

Property City:
Salem
Property State:
OR
Purchase Price:
$133,000
Repair Costs:
$65,000
Sale Price:
$150,000
* 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?

The education & foundation from FortuneBuilderes helped us analyze this deal. Also the connections we made within the mastery community. My friend, agent Margaret Rockwell was so great about helping me with the process. And Cheri Harris helped guide us as well, when another investor tried to swipe this deal from under us.