$319,900

In May 2022, an investor in Philadelphia secured a $244,148 loan from Barnett REI Finance to fund a promising fix and flip project. The property was purchased for $150,000 with a construction budget of $105,000 allocated for a full renovation. With an estimated ARV of $350,000, the investor aimed to modernize the home while keeping a close eye on costs. The rehab was completed efficiently, and the property sold in March 2023 for $319,900. While slightly under the projected ARV, the investor still completed a successful flip and demonstrated how access to fast and reliable capital can keep projects moving forward and profitable in a competitive market.