Flipping houses in SC can be a challenging, yet financially rewarding opportunity. One city in the state of South Carolina that has had a real estate market on the upswing is the city of Charleston. For this month's featured flip, we are excited to share what one of our borrowers was able to do to a home, originally built over 100 years ago, in the year 1910.
The house could easily be mistaken as a new build, appearing completely revitalized by the home flipper. The real estate investor completed this particular home flip project in just a twelve-month term! They chose to partner with Fund That Flip, as they were seeking a lender who could offer them quick and reliable capital for their house flipping project.
Check out the video below to see how this SC fixer-upper was revamped to provide a future family an amazing living space. Despite a beautiful surrounding neighborhood, the house still manages to stick out of the crowd!
This real estate investor received a bridge loan from Fund That Flip to perform the necessary renovations to make the property remastered. After successfully completing the restoration project, the house flipper listed this property for more than double the purchase price. This flipped house features 3 bedrooms, 3 full bathrooms, high ceilings, and more!
3 Stats You Need To Know for Flipping Houses in Charleston, SC
If you have any plans to flip houses or complete other real estate projects in Charleston, SC in the near future, you'll want to be caught up on the local market. Check out a few stats we put together to get you started:
- According to Redfin, the median sale price for houses in this city is around $379,790.
- There have been over 417 homes sold in Charleston over the last year.
- As of 2019, the median household income in Charleston is $70,505.
Are You Ready to Start Flipping Homes in Charleston, SC?
Looking for an alternative to stocks? Real estate investing can earn up to 9+% 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!