The Client

First-Time Flippers
• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only

The Investment

Fix & Flip - Single Family
• Purchase Price
$308,000
• Renovation Budget
$65,000
• Loan Amount
$308,000
• Cash Available for Purchase
$243,000
• Cash Available for Renovation
$65,000

The ABL Partnership

Although this husband and wife Fix & Flip duo are experienced real estate investors (they own  rental properties in Memphis and Dallas), this is their first fix and flip investment. For this Baltimore three-bed, the partners will open up the floor plan, overhaul the outdated kitchen, upgrade the bathrooms, and raise the sunken living room. Then, they’ll power wash and paint the property until it’s ready to go on the market for a cool $525,000.

The Results

• After Repair Value
$525,000
• Sale Price
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