Making $130,000 is awesome.
Making it tax free is even better.
Making that money and helping someone is GOLD.
wderekbottoms helped a seller out of a hoarder situation and took over the home SubTo.
Purchase price $25,000 SubTo
Cash to seller $1,500 in hand
Cash to close $3,000
Renovation $50,000
After the rehab… it will be worth $265,000
He will go to a bank, refinance and pull out all his money 💰 plus $130,000 tax free.
Gotta love creative finance!
#realestate #creativefinance #mindset