Hyattsville Maryland Real Estate Hard Money Loan

hyattsville maryland real estate hard money loan

Check out this incredible Hyattsville, Maryland deal funded by none other than Do Hard Money! Donald T. found a fantastic three-bedroom, three-bathroom property in a highly sought-after neighborhood. This home is also located within walking distance of the West Hyattsville metro! Donald knew he could make a fortune on this property with the right rehab. He brought the deal to Do Hard Money and we found this deal so lucrative, we qualified it for 100% financing! We funded 100% of the property purchase price, rehab costs and closing costs. We also covered 75% of the interest fees with Donald bringing only $1,244 cash-to-close to make the deal happen! Click here to take a look at the property’s HUD. As a result of our fast funding, Donald went straight to work planning a flawless rehab for this property.

Donald executed an excellent rehab plan for this home. First, he completely renovated the hard wood floors to restore their original shine. Then, he upgraded the kitchen to include new granite counter tops and beautiful stainless steel appliances. Donald also added new matching cabinets to really make the kitchen pop with a modern look. Next, Donald updated the bathrooms with new tile flooring, gorgeous new vanities and new painted cabinets. He also gave the property a new interior paint job and a lovely deck in the back yard. As a result of Donald’s hard work, he’s looking at an overall estimated profit of a whopping $87,881 on this property! To take a closer look at the details* of this deal, check out the table below!

Loan DetailsCost% Funded
Purchase Price$40,000100%
Rehab Costs$48,353100%
Closing Costs$23,967100%
Interest$8,925 75%
Total Funding Needed for Deal$121,244
Do Hard Money Loan Amount$119,000
Earnest Money$1,000
Seller Paid Costs$0
Cash-to-Close$1,244
After Repair Value (ARV)$225,000
Selling Costs$16,875
Loan Payoff$119,000
Cash-to-Close Payback$1,244
Estimated Net Profit$87,881

*Minor loan details not included.

 

Do Hard Money is here to help everyone open the door to financial freedom through profitable real estate investment opportunities. We are so thrilled we could help Donald achieve such high success with his first fix-and-flip deal. Imagine earning a profit of over $87k for only $1,244 cash-to-close! All of this is possible with Do Hard Money, plus much, much more!

Ready to start your next deal? Excellent! We would love to help you earn high returns on your investment. To get started, just click on this link to schedule your appointment with one of our investment associates. We can discuss your financial goals and help you achieve every one of them. You can also get in touch with us fquickly by calling 801.948.9774.

If you have a property already in mind, you can qualify for a hard money loan by filling in the fields in the yellow ‘GET PRE-QUALIFIED’ box on the right. We look forward to helping you start your profitable investment business. Schedule your appointment today!