Baltimore Maryland Real Estate Fix and Flip Loan

baltimore fix and flip loan

Do Hard Money recently funded a fantastic deal in Baltimore, Maryland! Bezu F. found an adorable five-bedroom, two-bathroom Cape Cod-style cottage in a spectacular area. This home was in an advanced state of deterioration when Bezu stumbled across it and was the eyesore of the neighborhood. Bezu saw past the ugly exterior into the potential of the property. After all, it came with a large yard, a partially finished basement and sported a location just across the Inner Harbor from Baltimore City. Bezu brought this deal to Do Hard Money and we also saw tremendous profit potential with this deal. We funded 100% of the property purchase price and rehab costs, plus 30% of the closing costs. As a result of our funding, Bezu could start planning a phenomenal rehab right away.

Bezu wasted no time executing an amazing rehab for this property! First, she installed exquisite, high-end hard wood floors throughout the main level of the home. Then, she upgraded the kitchen to include gorgeous designer cabinets, new granite counter tops and stainless steel appliances. Bezu also added a lovely matching back splash to complement the kitchen’s design. Next, Bezu gave the entire interior of the home a new paint job with beautiful, warm tones. Finally, Bezu put the finishing touches of her rehab on the bathrooms, updating them with new vanities and mirrors. As a result of her hard work, Bezu is looking at an overall estimated profit of $40,463 on this property. To take a closer look at the details* of her deal, check out the table below!

Loan DetailsCost% Funded
Purchase Price$83,500100%
Rehab Costs$47,939100%
Closing Costs$19,39530%
Interest$8,578
Total Funding Needed for Deal$159,412
Do Hard Money Loan Amount$137,250
Earnest Money$1,000
Seller Paid Costs$0
Cash-to-Close$21,162
After Repair Value (ARV)$215,000
Selling Costs$16,125
Loan Payoff$137,250
Cash-to-Close Payback$21,162
Estimated Net Profit$40,463

*Minor loan details not included.

We are so thrilled for Bezu’s great success with her first fix-and-flip! Do Hard Money is here to help everyone open the door to financial freedom through profitable real estate investment opportunities. You can make a lot of money in real estate investments, especially considering the market is as strong as its ever been.

Do Hard Money is far more than just a lender. We also provide essential tools and resources to help guide you through every step of the fix-and-flip process. Do Hard Money grooms inexperienced borrowers into expert flippers. We require no previous experience, no down payment and no minimum credit score.

To get started, just click on this link to schedule your appointment with one of our investment associates. Our investment associates can answer all of your questions, discuss your financial goals and determine if our funding is a great fit for your financial needs.

If you already have a property in mind, you can qualify for a hard money loan by filling in the fields in the yellow ‘GET PRE-QUALIFIED’ box on the right. Then, click ‘submit’ and you’ll be on your way to getting prequalified for your loan quickly!

You can also get in touch with us by phone at 443-297-0029. We look forward to helping you achieve massive returns on your next investment! Schedule your appointment today!