A motivated husband and wife investor team found an incredibly profitable deal in New Orleans, LA. Randy and Veronica C. discovered a large four-bedroom, two and a half-bathroom home sitting on a 6,120 sq ft lot. This home is in a fantastic location, close to the best schools, restaurants and shopping in the area. Home values in this neighborhood have been steadily increasing and Randy and Veronica leapt on this excellent opportunity. They took this deal to Do Hard Money and we were able to fund 100% of the property purchase price and rehab costs. The team at Do Hard Money was also able to cover 17% of the closing costs and Randy and Veronica didn’t have to bring a penny of earnest money to make this deal work.
Randy and Veronica bought the property for a steal of a deal – only $65,650. They went to work immediately on an extensive rehab of this property and did a beautiful job with the upgrades. They added new paint and crown moulding to the rooms, as well as gorgeous new cabinetry in the kitchen area. They also added carpets to the bedrooms and updated the bathrooms to include new granite counter tops for the vanities. Thanks to their excellent work, they were able to sell this property very quickly on the MLS, netting them an overall estimated profit of $37,344 on this deal.