The anatomy of a fix and flip can be simple and the costs are minimized with a fast rehab. To understand the simple math of a fix and flip here is a standard loan Rehab Funding made with an investor in 2015.
Partnering with Refresh Funding, in October of 2015, the homeowner bought a Miami-Dade property for $183,000. It took 147 days and investing $9,025 in debt to service cost. The investor paid 11% to borrow for a total project cost of $192,025. With Refresh Funding supplying a $126,420 hard money loan, the investor was able to sell the property at $214,140 (after all fees) and acquire a $25,115 profit. In less than five months the investor made a 13.08% return on investment.
If you need a fast loan, Refresh Funding can provide Florida-based loans for individuals seeking Rehab loans for Fix and Flips. Refresh offers fix-and-flip rates starting at 9.99% for a 12-month term or rental loan rates starting at 7.99% for 36-month terms. We like to think of ourselves as your choice for Private Mortgage Funding & Lending. It is Refreshing to know that the bank is not your only solution.