Jacksonville, Florida - Fix and Hold Loan
Florida Hard Money Loan Terms
Florida Rehab Loan
Location: Jacksonville, FL
Purchase Price: $ 55,000
Reno Amt: $ 45,000
Loan Amt: $ 90,000
Actual Term: 4 mo. with a Refi
Cash-Flow: $ 2,100
In today’s real estate investing career, a popular strategy is called the BRRRR Strategy. The Buy, Renovate, Rent, Refinance, and then Repeat is a popular strategy for those who are looking to maximize cash flow and build their Florida rentals. In this strategy investors buy a “fixer-upper” but instead of listing it for sale, they place a tenant, season the rental for 6+ months, and then turn around and refinance into a 30yr fixed-rate loan. When done properly rental investors can make serious income and build equity in their properties!
Hard Money Lending with Social Impact
There is nothing more impactful to a neighborhood, than when an investor takes a dilapidated property, fixes it up with a hard money loan, and then sells it or places a tenant. These types of investments improve surrounding property values and improve the overall health of a neighborhood.
Galley Kitchen Remodel
Having a small kitchen in your real estate investment can be a hard sell for a future tenant or homebuyer, especially when the culture wants open concept kitchens. But a smart investor knows how to use their rehab loan to create a warm welcoming space that will entice any buyer or renter to want the property.
Beautiful Florida Kitchen Remodel
In this Jacksonville renovated property our investor renovated the kitchen with updated cabinets and neutral colors to bring out the warmth of the sunshine state. Replacing the old off-white tiles with wood grain tiles add a durable yet elegant touch to a high-traffic area. The investor opened up the wall to allow for a more open concept as well as adding in a small island.
Headaches of Pool Ownership
You will find many different view-points concerning pools found in the backyards of rehabs. Inground pools can carry potentially hidden and expensive repairs. Our investor decided to spend the extra money on a pool inspection and knew that there pool foundation and plumbing were in excellent shape. Now it was just a matter of cleaning it up!
Renovated Florida Pools
If an investor ever comes across a pool, especially in Florida, they can be great value adds. They increase the potential asking price or even rental. in this case it paid off big! Having a pool in a rental can be risky, but if done properly and with the right pool inspections, a rehabbed can make their money back by the bushel full!
Are you looking for funding on your next Florida real estate deal? Why not work with a Florida Private Lender!
Are you interested to see what loan programs Blue Bay Capital has to offer? We fund Fix and Flippers, Builders, and Wholesalers!
