Talk about an incredible funded deal! Dennis P. found a lovely rambler home in a beautiful wooded area of Marietta, GA. He brought his deal to Do Hard Money and we were able to qualify him for 100% financing. We funded 100% of the property purchase price and rehab costs, with Dennis bringing only $961 cash to close to make the deal work.
Dennis purchased the property for a steal of a deal – only $64,000 – and got straight to work on the rehab. He updated the electrical work on the property, added new paint to the interior and exterior and added new double-pane windows throughout the home. His rehab also included a new water heater, a new roof and refinished hard wood floors. Dennis upgraded the kitchens to include new cabinets and granite counter tops. He also newly renovated the bathrooms with vessel bowls. When his rehab was finished, he was able to resell the property for an amazing amount – $250,000. As a result, Dennis pocketed an overall estimated profit of $136,581 on this property.