Fix & Flip – Fairfield, OH
Property Location:
Fairfield, OH
Borrower Profile:
First time investor looking to start real estate investment career
Property Type:
Condominium
Loan Amount:
$81,000
Renovation Budget:
$9,100
Sold For:
$109,500
Loan Purpose:
Property Purchase and Rehab
Project Description:
Light, quick renovation of townhome
Situation:
Brookview Financial funded a Fix & Flip loan for the purchase and rehab of a townhome in Fairfield, OH. Our borrower restored and updated this 1,400 square foot, 2 bedroom, 2.5 bath home in need of light updates. The scope of work for this project included repairing the kitchen cabinets, installing appliances, painting and replacing some flooring.Why Brookview: Experience and Speed. At Brookview, we have over 100 years of combined real estate investment experience. New investors have counted on us to advise them on how to find deals, how to manage the project, and how to turn a quick profit. The key to this project was speed. Our capital and advice helped the borrower purchase the property, complete a light but effective rehab, and sell the property for a profit in only 2 months! Her first flip was a success due to her ability to quickly and effectively update the property.