Case Study 1 : Petersburg, VA
$70,000 Funded Investor Loan
Before After
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Purchased: $52,000
Renovations: $15,000
Holding Costs: $7,000
All-In: $74,000
Rent Per Month: $1,100
All-In: $74,000
Appraisal: $122,000
This was a great deal. I was actually able to pick this property up on market. Striking quickly and doing some good negotiating we were able to reduce the asking price quite substantially. What I love about houses like this is 3 bed 1 bath ranch style homes are so easy to rent or sell.
Anytime you can have a stabilized property with 30K-50K equity from day one is awesome. Win-Win for everyone, we all made money and now a new family has a great place to live.
Case Study 2 : Rocky Mount, NC
$50,000 Funded Investor Loan
Before After
Purchased: $42,000
Renovations: $18,000
Holding Costs: $7,500
All-In: $67,500
Rent Per Month: $1,050
All-In: $67,500
Appraisal: $155,000
I sourced this off-market deal at a great price, instantly creating about $40K in equity from day one of refinance. Brick houses like this are great, even better when they are within about 2 miles from a Target and Lowes like this one.
I’m highly optimistic about Rocky Mount, NC, and see significant opportunities in the market over the next 2-5 years. This deal represents a low-risk investment for our lending partners, offering high returns and creating a win-win scenario for everyone involved.