fix and flip investment properties

Case Studies

Prequalify Today
Back to All Case Studies

Baltimore MD Fix And Flip

Address: Baltimore, MD
Borrower Profile: Husband and wife team, part-time fix and flip investors.
Work Description: Renovation of single family detached home in urban stable neighborhood.
Purchase Price: $79,000
Renovation Budget: $65,000
Loan Amount: $127,000
Cash Available for Purchase: $56,000
Cash Available for Renovation: $71,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase & Rehabilitation
ARV: $196,000
Sale Price: $227,000
Time To Pay Off: 8 Months
Situation:

The borrowers found ABL through a Bigger Pockets meet-up. Structurally, the house was sound; there was no need for framing and there were no plumbing issues. They did have to to replace the roof, gutters, and siding, as well as repair the porch and sand and stain the deck. Additionally, they had to install brand new windows, lights, doors, hardwood floors on the first floor, and ceramic tiles in the kitchen and bathrooms.

Outcome:

The borrowers modernized the space and used a cool, blue-grey color scheme that showed the open floor plan to its best advantage. After 91 days on the market, the property sold for $227,000 – $33,000 more than expected.

Interior - Before
Hard money fix and flip loans
Interior - After
Fix and flip loans in Baltimore
Kitchen - Before
Fix and flip loans in Baltimore Maryland
Kitchen - After
Prequalify For A Hard Money Loan Today
Get Started
Menu