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Fix & Flip Funding Needed

mariely_zampieri
Replies
3

Hi everyone!!

My partner and I are looking for a funder for a deal with have UNDER CONTRACT in Charlotte NC.

CLOSING DATE: 03/29/24

PP: 339,500

REHAB: 70,000

ARV: 520,000

We are purchasing this property off-market for a cost of $339,500. The previous owner had already started demo work on this property. Its current numbers are 3 beds, 1.5 baths and 1,215 sqft. After repair, there’s a small entrance of 135 sqft added and the large 768 sqft shed to be transformed into an in-law suite will have added 1 bed and a full bath and a kitchenette, making this property a total of 4 beds 3 baths and 2,118 sqft. It has an After-Repair Value of $520,000 and needs approximately $70,000 worth of rehab. Once rehab is complete, this home will by far exceed other homes in this market area. The job will include all quality materials, including new cabinets and countertops, new flooring, fresh paint inside and outside, new appliances, new windows, new roofing, wall and ceiling repair, and new lighting. Rehab will expand the square footage of the property.

Please reach out in interested!!

Mariely

Cell# 508-450-6721

 

3 Comments

  1. John Walton

    Mariely, i received your email with the loan presentation and you were provided with the loan policy sheet and application process as well. However you should have been in the process of submitting an application prior to the contract closing dates, i forwarded your deal to the underwriting team and they seem interested in closing as they awaits the submitted loan application