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 brought this deal to Do Hard Money and we funded 100% of the property purchase price and rehab costs. The team at Do Hard Money also covered 17% of the closing costs. Randy and Veronica didn’t have to bring a penny of earnest money to make this deal happen!
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. First, they added new paint and crown moulding to the rooms. They also upgraded the kitchen to include gorgeous new cabinets. Randy and Veronica then installed carpets to the bedrooms. They also updated the bathrooms to include new granite counter tops and new vanities. Thanks to their excellent work, they sold this property very quickly on the MLS, netting them an overall estimated profit of $37,344 on this deal.