2023 started out great for a Texas real estate investor and Longleaf client who recently sold his fix and flip project after 10 days on the market.
Using a short-term residential hard money loan from Longleaf Lending, the 1,600-sq.ft. property in Katy, Texas was purchased for $165,000, rehabbed for $45,000 and sold for $265,000.
The loan from Longleaf Lending financed the acquisition and 100% of the rehab budget.
The real estate investment project brought in a gross profit of $43,000.
Here are some before and after photos of this fix and flip project.
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