This borrower kept things simple with a stress-free cosmetic flip, yielding a nice little profit. This home needed new floors, a new kitchen and a fresh coat of paint. The carport also needed to go, so the borrower converted it into a garage. Extensive construction is not always necessary; returns can be found in the simplest of transformations!
Acquisition Loan Amount: $110,000
Cost of Loan (approximate): $9,800
Purchase Price: $192,579
End Sale Price: $269,900
Location: Union Hills & 7th Street (Phoenix, AZ)