Flipping a house requires vision. It takes someone looking at a time-worn property and imagining what it could become with a little TLC. As private lenders, we get a front-row seat to the transformation.
So, let’s take a look at a recent fix and flip in Atlanta to see how our clients worked their magic.
Back in October 2022, our borrower came to us via one of our broker partners (just a note that, our Broker Program allows mortgage brokers to earn up to 2% at closing). They had found a rather run-down duplex in Atlanta, Georgia that was ripe for renovation. Through their broker, we were able to provide fix and flip funding to fund the $275K purchase plus $110K rehab.
Our clients rolled up their sleeves and got to work. With the interior already gutted, they hung drywall throughout and put in new flooring, and high-end finishes. With a total of 5 bedrooms and 4 bathrooms spread across the two units, this duplex is not only a residence but a potential source of additional income. It offers potential buyers the unique opportunity to own a home and generate rental income at the same time. It’s house hacking at its best!
Having been fully updated from top to bottom, 1239 Graymont is on the market and listed for $644.4K. NavCap is proud to have been the lender on this one!
And, if you’re looking for your next investment project or want to talk financing, don’t hesitate to reach out at info@gonavcap.com or 888.444.3160. We still have a few properties in varying stages of rehab that are available for immediate sale.
Click here to see our current listings.