Flipping houses in Georgia can be a wise decision for experienced house flippers. This month, we're excited to feature a recently completed fix-and-flip of a single-family home in East Point, GA.
This property has undergone an extensive rehab, and our borrower was determined to make it a modern masterpiece for the next owner. This home flipper completely rehabilitated the property in just twelve months. Fund That Flip was there to help the borrower transform the distressed property into a luxurious home through the help of a short-term fix-and-flip bridge loan.
Check out the video below to see how this Georgia property was transformed. The borrower spared no expense to make sure this property would stand out among the rest!
This house flipper saw a fantastic opportunity to rehab this property and turn a profit through financing with a fix-and-flip loan. After successfully completing the project, the borrower listed this property for over 5x the purchase price. What a return on investment! This fixer upper features 4 bedrooms, 4 bathrooms, 2 kitchens with stainless steel appliances, hardwood floors, and much more!
3 Stats You Need To Know for Flipping Houses in Georgia
If you are interested in house flipping in Georgia in the near future, you are going to want to better understand the market. Here are a few important stats that will help you get started:
- According to Redfin, the median sale price for homes in the $329,900.
- Median household income in the state is $55,679.
- According to Realtor.com, some of the most popular neighborhoods in East Point, GA are Center Park, Colonial Hills, Conley Hills, and Lakeside Preserves.