Jacksonville, NC Fix and Flip Funded with Hard Money Loan

We were able to fund an incredible deal in Jacksonville, NC. Eileen O. found a beautiful three-bedroom, two-bathroom brick home in a fantastic area. This property is located close to Camp Lejeune, shopping and restaurants with no city taxes. Eileen knew if she could perform some much-needed renovations on this home, she could make an excellent profit. Do Hard money was pleased to fund her deal, covering 100% of the property purchase price, as well as 75% of the rehab costs. To take a look at the property HUD, click here.

Eileen executed an amazing rehab on this property. She upgraded the landscaping and added a gorgeous large deck to the back yard. Eileen also refinished all of the wood floors in the living and dining rooms and added new carpets to the bedrooms. She updated the kitchen with new tile floors, matching cabinets with soft close drawers and new appliances. She also updated the master suite to include two closets and added new tile and custom mirrors in the bathrooms. Her property sold quickly on the MLS and she was able to pocket an overall estimated profit of $21,391. For further details* on Eileen’s funded deal, check out the table below!

Loan Details Cost % Funded
Purchase Price $58,790 100%
Rehab Costs $15,000 75%
Closing Costs $8,816
Interest $4,375
Total Funding Needed for Deal $86,981
Do Hard Money Loan Amount $70,000
Earnest Money $1,000
Seller Paid Costs $49
Cash-to-Close $15,932
After Repair Value (ARV) $115,900
Selling Costs $8,577
Loan Payoff $70,000
Cash-to-Close Payback $15,932
Estimated Net Profit $21,391

*Minor loan details not included.

 

We are so pleased for Eileen’s success and would love to help you achieve similar success with your real estate investments. Some deals even qualify for 100% financing! You can bring a deal to us and if it’s profitable enough, we will cover 100% of the property purchase price, rehab costs and other fees with you bringing $0 cash to close to the table.

To find out more, click on this link to schedule your appointment with our investment associates or give us a call at 801-948-9774. There’s no time like the present to start on the path toward financial freedom!