Flipping houses in Florida can be very lucrative for flip investors who know a good deal when they see one. Here are but a few examples of the hundreds of Florida properties that have been turned into beautiful homes with the help of a short-term hard money loan from Anchor Loans.
Hard Money Construction Loan | Ruskin, Florida
PURCHASE PRICE: $350,000
IMPROVEMENTS: $2,011,519
AFTER REPAIR VALUE: $3,375,000
In addition to successfully flipping houses in Florida for single-family homebuyers, this savvy real estate investor found a multi-unit property in desperate need of completion and snapped it up at $350k. The construction budget for this condo complex was $2.11 million with an ARV of $3.4 million.
This project is an excellent example of the multi-million dollar construction loans Anchor Loans can approve and fund. Anchor Loans is the #1 direct lender funding multi-million dollar investments. Our minimum loan amount is 50k, but we have no maximum. We regularly fund loans above $10 million.
Fix and Flip Loan | Dunedin, Florida
PURCHASE PRICE: $256,000
IMPROVEMENTS: $43,667
SOLD PRICE: $420,000
As you can see from the exterior before and after photos, this successful Florida house flipper decided only to spruce up the landscaping for this fix and flip property, to focus their renovation budget on creating the interior wow factor.
This project is an excellent example of how spending less than $50,000 on repairs can turn a ho-hum house into a beautiful showstopper. The decision to go all in on the bathrooms and kitchen gave this home a stunning, modern flavor buyers love.
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AFTER
Fix and Flip Loan | Apopka, Florida
PURCHASE PRICE: $209,000
IMPROVEMENTS: $56,000
SOLD PRICE: $400,000
After a much needed exterior facelift, this Florida fix and flip property received an interior makeover with a grey toned color pallet that brought the home into the 21st century. The flooring upgrade and use of stone in the bathrooms and kitchen create a cool, modern home that was quickly snapped up by a homebuyer.
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AFTER
Click here to view more before and after photos from fix and flip projects nationwide
