While the Houston area housing market did not particularly start great with January marking the 10th month of declining sales, some Houston real estate investors continue to get successful fix and flip projects, starting 2023 with a resounding bang.
One of our Longleaf Lending clients recently purchased a 7,150 sq.ft, 3-bedroom single-family home in Katy, Texas and rehabbed it for 23 days.
The short-term residential hard money loan from Longleaf Lending financed the acquisition and 100% of the rehab budget.
The rehabbed property stayed in the market for 15 days before getting sold for $285,000.
Here are some before and after photos of this fix and flip project.
Are you looking for a hard money lender to finance your upcoming real estate project? Reach out to us at Longleaf Lending. We offer fast and efficient funding in as little as two days.
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