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Ryan G. WrightMay 3, 2017 9:46:35 PM1 min read

Chicago, IL Fix And Flip Flip

Incredible Chicago, IL Fix and Flip 100% Financing Deal Funded


What a fantastic deal! James F. found a property perfectly located in one of the most popular neighborhoods of Chicago, IL. This six-bedroom, two-bathroom home is ideally close to schools, parks and transportation and is on a quiet block with wonderful neighbors. James brought this deal to Do Hard Money for funding and the ARV was so high that we qualified James for 100% Financing. The Investor's Edge covered 100% of the property purchase price, all of the rehab and closing costs and most of the interest for this loan, with James bringing $0 cash to close to the table. To take a look at James’s HUD, click on this link. 

Thanks to our funding, James was able to secure the property for a remarkably low price – only $25,000! James went straight to work on executing a phenomenal rehab of this property. He completely refinished the hard wood floors in the living and dining rooms and gutted and remodeled the kitchen to include gorgeous, new matching cabinets, granite counter tops and stainless steel appliances. The bathrooms were given beautiful new vanities with dark cabinets and matching mirrors and many of the bedrooms were upgraded with brand new carpets. This Illinois 100% financing deal sold very quickly and netted James an overall estimated profit of $28,557.

Loan Details Cost % Funded
Purchase Price $25,000 100%
Rehab Costs $41,882 100%
Closing Costs $24,465 100%
Interest $4,654  79%
Total Funding Needed for Deal $96,000  
Do Hard Money Loan Amount $95,000  
Earnest Money $1,000  
Seller Paid Costs $0  
Cash-to-Close $0  
After Repair Value (ARV) $133,000  
Selling Costs $9,443  
Loan Payoff $95,000  
Cash-to-Close Payback $0  
Estimated Net Profit $28,557  

*Minor loan details not included.

We are so pleased for James’s success and we would love to offer you 100% financing on your next fix-and-flip real estate investment! Anxious to get started? The Investor's Edge is here to help you open the door to financial freedom.

See how it all works by attending our next webinar.