Chicago Illinois Fix and Flip Real Estate Loan

Shymane R. found a phenomenal rehab opportunity in Chicago, Illinois. Do Hard Money funded her second deal for even more profit and less cash-to-close than her first deal! Shymane saw this adorable home located in highly-popular Avalon Park selling for a steal of a deal. This solid, turn of the centry brick bungalow offered a ton of potential. She just needed the funding to make the deal happen. Shymane brought this deal to Do Hard Money and we qualified her for 100% financing. We covered 100% of the property purchase price and rehab costs. We also covered 96% of the closing costs. Shymane only had to bring $4,943 cash-to-close to make the deal happen. Want to see some proof of Shymane’s amazing deal? Click on this link to access Shymane’s HUD.

After securing funding, Shymane went straight to work on incredible rehab plans for this home. First, she completely refinished the hard wood floors on the main level. Shymane also added high-end laminate flooring to the lower level. Then, she opened up the dining room to include the kitchen. You wouldn’t believe this gorgeous kitchen! Shymane added beautiful new lighting and a lovely tile back splash. She also upgraded the kitchen to include new stainless steel appliances and matching cabinets. Shymane then updated the bathrooms with modern design and added new windows throughout the home. She also added a new roof and HVAC to this property. Thanks to Shymane’s dedication and hard work, her deal predicts an overall estimated profit of $45,147. For further details* on this deal, check out the table below! Also, take a look at these amazing before and after pictures!

Loan Details Cost % Funded
Purchase Price $65,000 100%
Rehab Costs $57,434 100%
Closing Costs $23,415 96%
Interest $9,063
Total Funding Needed for Deal $154,911
Do Hard Money Loan Amount $145,000
Earnest Money $2,500
Seller Paid Costs $2,468
Cash-to-Close $4,943
After Repair Value (ARV) $210,000
Selling Costs $14,910
Loan Payoff $145,000
Cash-to-Close Payback $4,943
Estimated Net Profit $45,147

*Minor loan details not included.

 

We are so pleased to fund Shymane’s second deal with Do Hard Money! We are here to help all others open the door to financial freedom, even qualifying for $0 cash-to-close on profitable deals! If you would like to get involved, click on this link to schedule your appointment with our investment associates. We would love to help you get started earning massive profits in real estate investments. As a result of your hard work and our funding, you can make steady profits of $30k per deal and higher! To speak with an associate right away, call us at 801.948.9774.

You can also qualify for a loan by filling out the yellow ‘Get Prequalified’ box in the upper right corner! We look forward to helping you achieve investment success today. Click here to schedule your appointment!

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