Should you Sell to the Cash Buyer?

Ever see signs and people marketing “We Buy Houses for Cash?”   To some individuals it may be irrelevant, but to others who are headed towards the foreclosure of their home, this may be the ideal deal. Let’s break down the benefits and the disadvantages to doing so:   The benefits include a fast sale (around seven days) without hassle …

The Anatomy of a Hard Money Loan

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 …

60.1% Biscayne Gardens Return on Investment

  Partnering with Refresh Funding, in August of 2015, the homeowner bought a Biscayne Gardens  property for $147,800. It took 150 days and investing $21,100 in rehabilitation cost. The investor paid 12%  for a total debt service cost of $186,808. With Refresh Funding supplying a 103,460 hard money loan, the investor was able to sell the property at $318,000 and …

Reason to go All-In on a Rehab

Slapping on a new coat of paint and cutting the grass does not make a fix-and-flip a fix-and-flip. It is worth investing in a true renovation. if properly executed, the seller of a fix and flip can charge lots more money selling someone their dream house then a half-done home, and then the buyer would be exceedingly pleased with the …

Housing Bubble, you Again?

In the wake of 2008 Housing Crisis in South Florida, many fear the current market is in a bubble. Looking at the median sales price for homes in Miami, Florida in the graph below, the trend for 2016 looks eerily similar to the one that was approaching 2007. But before, abandoning your property there are many differences in the real …

Fix-and-Flip Math for Fort Lauderdale Property

Partnering with Refresh Funding, in June of 2016, the homeowner bought a Fort Lauderdale  property for $366,099. It took 151 days and investing $73,400 in rehabilitation cost. The investor paid 12% to borrow for 150 days for a total debt service cost of $153,081. With Refresh Funding supplying a 285,000 hard money loan, the investor was able to sell the …

How to have a Successful Fix and Flip

  Partnering with Refresh Funding, in August 2015, a homeowner bought a Homestead property for $86,100. It took 150 days, with only $1,525 in closing costs for a total acquisition cost of $87,625 and investing $17,094 in rehabilitation cost. The investor paid 12% to borrow for 150 days for a total debt service cost of $114,737. With Refresh Funding supplying a …

Succesful Hard-Money Loan in Fort Lauderdale

In March of 2016, Refresh funded a $950000 hard money loan for a single family residence refinance project in Fort Lauderdale. The purchase price was $2120000. The Borrower plans to complete the rehab and flip back onto the market for $2500000, so the loan-to-value is 43%. The loan term is 1 year. The loan was made to a seasoned investor, …

To Fix-and-Flip or not to Fix-and-Flip

When deciding to fix-and-flip a property, it can turn out to be a great investment or an unnerving headache. For a successful fix-and-flip, it is essential to be fast and quickly but accurately decide the worth of a property.  Here are the main factors to consider when determining the potential of a fix-and-flip property: the location, the outside, and the …

The Math Behind a Successful Fix-and-Flip

Partnering with Refresh Funding, in August 2015, the homeowner bought a Miami Gardens  property for $117,075. It took 148 days and investing $20,162 in rehabilitation cost. The investor paid 12% to borrow for 150 days for a total debt service cost of $153,081. With Refresh Funding supplying a $81,952.50 hard money loan, the investor was able to sell the property …