Fix and Flip Loan | Anniston, AL

Our clients’ success comes first at Lima One Capital, and we take pride in helping investors further develop their real estate investment businesses. In this property, Lima One’s team supported an investor purchasing and rehabbing his second Fix and Flip property in Anniston, AL. The investor purchased the property as-is for $17,000, knowing it needed extensive repairs. With Lima One’s consultation, the investor set a $90,000 rehab budget with the goal of a $40,000 profit thanks to a $150,000 appraised after-repair value.

The client successfully completed the flip, his first heavy-rehab project, and actually made more money than expected when it sold for $179,900. The final profit of $70,000-plus allowed the investor to be prepared for the next fix and flip opportunity, knowing that the experienced he gained on this project and the partnership he found in Lima One would help him succeed again.

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