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Hard Money Loan For Fix & Flip In Baltimore

Address: Baltimore, MD
Borrower Profile: First-Time Flippers
Work Description: Fix & Flip - Single Family
Purchase Price: $308,000
Renovation Budget: $65,000
Loan Amount: $308,000
Cash Available for Purchase: $243,000
Cash Available for Renovation: $65,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $525,000

Although this husband and wife fix-and-flip duo are experienced real estate investors (they own  rental properties in Memphis and Dallas), this is their first fix and flip investment. For this Baltimore three-bed, the partners will open up the floor plan, overhaul the outdated kitchen, upgrade the bathrooms, and raise the sunken living room. Then, they’ll power wash and paint the property until it’s ready to go on the market for a cool $525,000.

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