Situation:

This Connecticut fix and flip was the borrower’s fifth deal with us, and it’s a good thing he is an experienced investor because this project required a lot of rehab. It needed a new kitchen, roof, and doors, as well as permits for electrical and plumbing upgrades, and a new HVAC system and boiler.

Outcome:

This borrower did such good work that his finished product sold for over $100,000 more than expected! He more than doubled his investment – and paid off 3 months early. His talent as an investor is especially apparent in the before and after pictures of the living room: he preserved the aspects of the original house that gave it charm, like the brick fireplace and ceiling fan, but simplified and cleaned up the rest of the space to completely transform it. We’d say this is a model fix and flip!