Situation:

This investor has a lot of work ahead of him before this $350,000 house turns into a home worth $825,000, but we’re sure he’s going to amaze us with his results. Before he starts fixing things up, he needs to tear everything down; all that will remain is the foundation and a few exterior walls. After that, he needs to frame the first and second floor, install windows, replace the roof and siding, and put in HVAC, plumbing, and electric – just to name a few of the necessary renovations. He won’t stop there, though: the home will get a brand new bathroom and kitchen, as well as a beautiful walkway and patio. Follow our case studies to see if this construction loan turns out as well as we expect it will!