Flipping houses in New York is becoming increasingly attractive to real estate investors. This month we're excited to feature a recently completed flip of a single-family home in Asharoken, NY. This property was in need of a major rehab, and our borrower went all-out to renovate the property into an A-List home in the Long Island area. Fund That Flip was there to help the borrower transform the property into a modern, beautiful home through the help of a short-term fix-and-flip loan. Check out the video below to see how the redeveloper brought life back into this investment property and value into the community!
This repeat borrower saw a fantastic opportunity to rehab the interior of this property and turn a profit through financing with a fix-and-flip loan. After successfully completing the project, the customer was able to sell the property for nearly triple the purchase price. What a return on investment! This home has a spacious floor plan with tons of natural light. The borrower installed one-of-a-kind folding windows that make up the main living space. The kitchen features a large island, stainless steel appliances, and beautiful cabinets. We're particularly impressed how the borrower transformed a distressed into a sleek, modern, open space. We are proud to showcase how our short-term private money loans can bring value back into neighborhoods.
If you are active in real estate investing and want to flip homes in New York, Fund That Flip would be happy to partner with you as you embark on your journey of renovating and selling a distressed property.
Looking for an alternative to stocks? Investors can earn 8-10% annual returns on pre-vetted, low LTV, real estate-secured loans. Fund That Flip offers industry-leading visibility into each project, enabling investors to be highly selective in the loans they choose to fund. Click below to make an investment today!