fix and flip investment properties

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Baldwin, NY Fix And Flip Hard Money Loan

Address: Baldwin, NY
Borrower Profile: First Time Investors; Husband And Wife Team
Work Description: Substantial, Partial Gut Rehabilitation Of The Interior And Exterior Of A Single Family Home.
Purchase Price: $205,000
Renovation Budget: $66,000
Loan Amount: $230,000
Cash Available for Purchase: $164,000
Cash Available for Renovation: $66,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $365,000
Sale Price: $449,999
Situation:

Our first-time investors did an amazing job revamping this fix and flip property in Baldwin, NY.  Along with freshening up the exterior of the home and detached garage with new siding, soffit, and fascia, our investors used their hard money fix and flip loan to open up the front of the home in order to install a larger front porch. The driveway was repaved and a stone walkway was added to the front of the home. New lighting fixtures, decorative street numbers and a mailbox were added to build the property’s character. The garage door was cleaned up and repainted, and a back-yard deck was added off the kitchen. Our investors also put in a lot of work to bring the interior to life! A complete demolition was completed of the kitchen and both the main floor and upstairs bathrooms. Crisp white cabinets and stainless steel appliances were added to the newly created open-concept kitchen that really gives this property the “WOW” factor. New laminate wood flooring was added throughout the kitchen and living areas, and new carpet was installed in each bedroom. The bathrooms were also finished with neutral tile floors and a fresh coat of paint was added to each room throughout the home. These first timers thought ahead and decided to include many electrical outlet additions, a security system, and three top of the line air conditioners. They went above and beyond by also including some light landscaping around the exterior of the property! Our investors buckled down to get this property live-in ready quickly, and in just under eight months, the entire rehab was completed!

Outcome:

Private lender in Baldwin New York
Kitchen - Before
Hard money lenders for renovations in Long Island NY
Kitchen - After
Master Bedroom - Before
Private hard money loans for real estate investors in New York
Master Bedroom - After
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