Olympia Fields Illinois Fix and Flip Real Estate Investment

Eric W. found a phenomenal deal in Olympia Fields, IL and immediately brought it to Do Hard Money to receive funding for his fix-and-flip. This four-bedroom, three-bathroom home was falling apart when Eric found it. With four levels of living space, mature trees and ideally located just minutes away from Village shopping and dining, Eric knew that he could make a solid profit on rehabbing and reselling this home. Do Hard Money performed a thorough evaluation on this property and not only did we agree to fund Eric’s deal, but we qualified him for 100% financing. We funded 100% of the property purchase price, rehab costs and closing costs, with Eric bringing only $2,660 cash-t0-close to make the deal happen! Want to see some proof of this amazing 100% financing deal? – Click on this link to take a look at Eric’s HUD.

Eric did some incredible work on this Illinois home, making it lovelier than ever! All four bedrooms were completely transformed with hard wood floors and new paint. The bathrooms were also updated to include new vanities and ceramic tile flooring. Eric upgraded the kitchen with gorgeous, new espresso cabinets and stainless steel appliances. He also finished the basement, put in a new furnace, added new windows and a new roof! There is a bidding war currently waging for this property and Eric is looking to make an overall estimated profit of $49,649 when this house is sold. Take a look at the table below for details* on Eric’s deal!

Loan Details Cost % Funded
Purchase Price $80,000 100%
Rehab Costs $50,396 100%
Closing Costs $22,189 100%
Interest $9,563  4%
Total Funding Needed for Deal $162,147
Do Hard Money Loan Amount $153,000
Earnest Money $3,000
Seller Paid Costs $3,487
Cash-to-Close $2,660
After Repair Value (ARV) $221,000
Selling Costs $15,691
Loan Payoff $153,000
Cash-to-Close Payback $2,660
Estimated Net Profit $49,649

*Minor loan details not included.

 

We are so pleased for Eric’s success and would love to offer you 100% financing on your next fix-and-flip real estate investment! Anxious to get started? Do Hard Money is here to help you open the door to financial freedom.

Click on this link to schedule your appointment with our investment associates or give us a call at 801-948-9774. Who needs the drudgery of a 9-5 job when you can be your own boss and earn tens of thousands per investment deal, bringing $0 cash to close on lucrative properties. Schedule your appointment today!

If you want to earn nearly $50,000 in profit, just like Eric, you can get started on the road to REI success right away by getting pre-qualified today! It’s easier than ever to apply – just fill in the fields in the yellow ‘Get Prequalified’ box on the upper right – then click ‘GET PREQUALIFIED’ and you’ll be on your way to earning thousands of dollars in profit!

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