Cincinnati Ohio Real Estate Flip

Anthony P. found an excellent rehab opportunity in the heart of Anderson County in Cincinnati, OH. This four-bedroom, two-bathroom home features a four-car garage on an extra large lot. Anthony knew that if he could restore this run-down home to its former glory, he could make an excellent resale profit. He came to Do Hard Money for funding and we were able to fund 100% of the property purchase price, as well as 42% of the rehab costs. Click on this link to take a look at Anthony’s HUD.

Anthony did an incredible job rehabbing this property, adding a new lower-level suite with its own entrance to be used as a separate rental apartment or mother-in-law suite. He refinished all of the hard wood floors, added new tiles, granite counter tops and stainless steel appliances to the kitchen and renovated the bathrooms with new fixtures, vanities and floor tiles. Thanks to his hard work, this property sold quickly and netted Anthony an overall estimated profit of $13,365. For further details* on Anthony’s Cincinnati Ohio real estate flip, check out the table below!

Loan Details Cost % Funded
Purchase Price $67,000 100%
Rehab Costs $30,000 42%
Closing Costs $10,981
Interest $5,963
Total Funding Needed for Deal $113,944
Do Hard Money Loan Amount $79,500
Earnest Money $0
Seller Paid Costs $21,054
Cash-to-Close $13,390
After Repair Value (ARV) $115,000
Selling Costs $8,745
Loan Payoff $79,500
Cash-to-Close Payback $13,390
Estimated Net Profit $13,365

*Minor loan details not included.

 

We are so thrilled for Anthony’s success and would love to help you achieve phenomenal returns on your real estate investments. Ready to get started? Do Hard Money is here to help you open the door to financial freedom.

Click on this link to schedule your appointment with our investment associates or give us a call at 801-948-9774. Who needs the drudgery of a 9-5 job when you can be your own boss and earn tens of thousands per investment deal, bringing $0 cash to close on lucrative properties. Schedule your appointment today!