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How to Flip a $1.2M Luxury Home with Creative Finance (Subto + Novation Strategy Explained)
Get Creative with Pace Morby
34 minutes
1 week ago
How to Flip a $1.2M Luxury Home with Creative Finance (Subto + Novation Strategy Explained)
What happens when a luxury flip goes over budget, over timeline, and still makes six figures?
In this episode of the Get Creative Podcast, host Jordan Whittenburg sits down with real estate investor Adam Colburn to break down a real-world creative finance luxury flip in Chapel Hill, North Carolina.
Adam walks through how he used a Subto + novation-style structure to acquire a dated home in a prestigious neighborhood, renovate it with minimal capital out of pocket, and still walk away with nearly $100,000 in profit — despite unexpected rehab overruns and a 14-month timeline.
Connect with Adam: https://www.instagram.com/theadamcolburn/
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Get Creative with Pace Morby
The Get Creative Finance Podcast Streams Live Every Monday on Pace Morby’s YouTube and mini podcast episodes go live daily on all listening platforms.