Joseph Graham

Dominion Point Principles LLC in Oak Harbor, WA

Joseph Graham with Jessica Graham

Our friends were in a pinch when their tenants stopped paying rent and their new mortgage kicked in. We did our first "subject-to" financing which really took care of a lot of the heavy lifting to finance the project. It took a couple of months to get the tenants out, but once we did the team started the rehab right away. We decided to use local suppliers to keep everyone busy and employed with the project. The house turned out beautifully and when the market supply plummeted as everyone left the big city our ARV began to shift dramatically! We're so happy that a lovely new family lives here. This turned out to be our only flip of the year, but it turned out to be just what we needed to keep the company running and keep us in business.

Rehab Details

Property City:

Coupeville

Property State:

WA

Purchase Price:

$350,000

Repair Costs:

$100,000

Holding Costs:

$64,157

Sale Price:

$675,000

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Case Study

How did the FortuneBuilders team and resources help you to accomplish this deal?

We did a lot of FortuneBuilder's research on how to accomplish a "subject-to" financed deal before we proposed the idea to the sellers. We followed their advice to inquire with local title companies that could execute this kind of deal before we started, which proved to be great advice. We now have a new relationship with a very savvy escrow officer!