Illinois Real Estate Investment in Flossmoor
What an incredible deal this Illinois real estate investment in Flossmoor ended up being! Angela H. found a run-down four-bedroom, three-bathroom home in a fantastic location with a huge back yard. Angela knew if she could obtain funding, she could renovate this property into the most gorgeous home on the block. She needed a loan fast in order to make the deal work and she came to us at Do Hard Money. Not only were we able to quickly fund her deal, but we were also able to offer her 100% Financing to cover her expenses. She bought the property for an amazing discount – only $122,005 and worked with her account advisor, Janitsa, to see the rest of the deal through. Thanks to the quality of the deal and help from Janitsa, Angela was able to receive 100% of the property purchase price and rehab costs, plus 63% of the closing costs from Do Hard Money. Angela brought only $4,976 cash to close to make the deal work! To take a look at the HUD, click here.
Angela performed an absolutely beautiful rehab on this property. She upgraded the flooring to shiny hard wood floors throughout the home and completed a full kitchen renovation, including modern espresso cabinets with soft-close, new granite counter tops with a double back splash and brand new, stainless steel appliances. Her other upgrades included a new furnace, water tank and central air unit. The rehab on the upstairs bathroom features a large soaking tub, modern ceramic tile and new vanities. And that’s not all… Angela also finished the basement to include additional living, entertainment and storage spaces. Overall, Angela is looking to make an outstanding overall profit of $48,072 on this deal. For more details* about Angela’s deal, check out the table below:
|Loan Details||Cost||% Funded|
|Total Funding Needed for Deal||$176,837|
|Do Hard Money Loan Amount||$159,600|
|Seller Paid Costs||$6,161|
|After Repair Value (ARV)||$228,900|
|Estimated Net Profit||$48,072|
*Minor loan details not included.
We are so pleased for Angela’s success! Her deal proves that Low Cash to close funding is more than possible to obtain. All you have to do is find a really good deal and Do Hard Money will not only lend you the funds you need to purchase and rehab the property, but we can also help cover additional costs and fees. Angela brought $4,976 to the table to make a profit of nearly $50,000. You may not even have to bring a dime in cash to close!
Sound amazing? We’d love to help you get started! Just click on this link to schedule a time to speak with an investment representative or you can give us a call at 801-692-7703. Do Hard Money is here to help open the door to financial freedom. Schedule your appointment today!