FIX AND FLIP LOAN
Chicago, IL
BEFORE
AFTER
The Numbers Behind The Flip
Loan Amount
$204,000
Purchase Price
$140,000
Construction Budget
$100,000
ARV
$315,000
Timeline
April 2024-January 2025
Resale Price
$340,000
In April 2024, a savvy investor took on a promising fix-and-flip project in Chicago, purchasing a distressed property for $140,000. With a well-planned $100,000 renovation budget, they transformed the home into a modern, market-ready space. The total loan amount was $204,000, and the investor initially targeted an ARV of $315,000. However, strong market conditions and smart upgrades pushed the final sale price to $340,000. The project wrapped up in January 2025, demonstrating how strategic financing, efficient execution, and a solid investment plan can lead to a profitable outcome.