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Fix-N-Flip Success Story: ~$150,000 Gross Profit in Oregon We’re proud to share a big win from a relatively new Franchisee (established in 2021) who generated a ~$150,000 gross profit on a full rehab in Woodburn, Oregon. In this case we used our desktop valuation to quickly size the loan and ultimately closed in just 13 business days.
The Franchisee used the funds to complete a full renovation (they requested 1 draw for ~$50% of the budget) in around 80 days and then sold the property a little more than a month later for a significant profit. You can see the details below:
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Fix-N-Flip Success Story: ~$40,000 Gross Profit in Michigan Our team recently helped a Franchisee generate a ~$40,000 gross profit on a full rehab in Detroit, Michigan. This experienced investor had held the property as a rental for more than 6 years and was now looking to renovate and sell.
Our Fix-N-Flip team worked with the Franchisee to refinance the property so they could perform a full gut renovation, which included a rehab budget of 15 times that of the original purchase price! You can see the loan details, as well as the post-renovation sale price, below:
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“Wholetail” Flip: ~$40,000 Gross Profit in Chicago, IL We’re proud to share a win from a Franchisee who generated a ~$40k gross profit on a flip in Chicago. In this case we were able to complete the appraisal process in just 5 days and provide an on-time closing for the Franchisee.
The Franchisee used the funds to clean out the property and sold it 3 months later for a sizeable profit.
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“Standard” Flip: ~$200,000 Gross Profit in Sonoma, CA This case study involves a relatively new Franchisee (established in 2021) who generated a ~$200k gross profit on a full rehab in Sonoma. This loan closed in just 14 business days and was sized through a drive-by appraisal.
The Franchisee used the funds to complete a full renovation (they requested 3 draws over a 6-week period) in around 60 days and then sold the property roughly 90 days later for a significant profit. You can see the details below:
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“Light-Touch” Flip: ~$40,000 Gross Profit in Covington, KY Our team recently helped a Franchisee find success with a cosmetic rehab in Kentucky. We used our desktop valuation to quickly size the loan and ultimately closed in 19 business days.
In this case, the Franchisee did not draw on their holdback and self-financed the property’s rehab. A few months following the transaction, they sold the property for 135k – a ~$40k profit!
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Do you have a similar scenario? Talk to your dedicated Account Executive, Rodney Young ([email protected]), to learn how we can help you create your own success story. You can also learn more about our solutions on our vendor page or at www.silverhillfunding.com/fix-n-flip.
