House flipping before and after

Awesome House Flipping Before and After’s

by and on November 22, 2016 9:29 pm under

 

Sometimes it’s important to highlight the amazing things our house flippers are doing! Not everyone can take unlivable spaces and turn them into beautiful homes. We are thankful to be a part of the community of people who can see the potential in neglected homes and help restore neighborhoods. Here are some of the most impressive transformations we’ve seen recently:

 


 

South Philadelphia: Trash to Treasure

This project took a lot of TLC and several dumpsters, but had tremendous potential. The 784 square foot townhouse property was purchased for only $46,000 but required an expensive and extensive rehab to be done at a cost of $82,000. The bathrooms were updated with tiled showers and laundry areas were added for convenience. Most importantly, the kitchen was modernized with energy efficient stainless steel appliances, ample cabinet space, gorgeous granite counter-tops, a breakfast nook and a tiled floor. The client was able to flip the property for $215,000. As you can see below, the client did an amazing job and was rewarded with a high profit margin.

Details

Contract Price: $46,000

Repair Escrow: $82,000

Current Value: $215,000

2 beds, 2 baths, 784 sqft

 

Bathroom Before and After:

ba2

Kitchen Before and After:

ba3

Basement Before and After:

ba1

 


 

Home Sweet Harrisburg

RFG recently funded a property in Harrisburg, PA for a new client. This traditional semi-detached single family home is a block away from the Susquehanna River. The client purchased the property at $58,000 with close to $40,000 allocated to rehab. The ARV was $135,000. It is now under contract for $173,000, significantly over the ARV, primarily due to the borrower and her team’s beautiful work on the property.

Details

Contract Price: $58,000

Repair Escrow: $40,000

Current Value: $173,000

4 beds, 2 full , 1 half bath 2,718 sq ft 3,049 sq ft lot

 

Before:

 

After:


 

Philly Up-and-Coming

Rehab Financial Group recently funded a project in a transitional neighborhood in Philadelphia for one of its long time clients. The client purchased the property for $125,000 in September 2015 and allocated a rehab budget of $89,100. The client remodeled the kitchen with Artisan poured and polished concrete, replaced the floors with wide plank, original pine floors, and updated the bathrooms with cobalt octagonal tile floors and brush brass fixtures just to name a few of the repairs made to this property. The property is currently on the market for $369,900 and offers are being negotiated.

 

Details

Contract Price: $125,000

Repair Escrow: $89,000

Current Value: $369,900

3 beds, 2 full baths 1,700 sq ft .02 acres

 

Before:

After:

 


 

Impressed yet? We constantly are.

The work our borrowers do is improving neighborhoods while creating income for them and their families. We are thankful to be a part of these amazing transformations.

Ready to start your flip? See if you prequalify today.

 

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