Illinois Real Estate Investment in Flossmoor

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 DetailsCost% Funded
Purchase Price$122,005100%
Rehab Costs$25,196100%
Closing Costs$19,66263%
Interest$9,975
Total Funding Needed for Deal$176,837
Do Hard Money Loan Amount$159,600
Earnest Money$6,100
Seller Paid Costs$6,161
Cash-to-Close$4,976
After Repair Value (ARV)$228,900
Selling Costs$16,252
Loan Payoff$159,600
Cash-to-Close Payback$4,976
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!