At Low Tide Private Lending, we know that speed and efficiency are critical in the fix-and-flip world. This recent success story in West Ashley shows how strategic renovations and expert pricing can lead to impressive returns.
The Numbers
- Purchase Price: $300,000
- Renovation Budget: $75,000
- Appraised ARV: $500,000
- Listed Price: $499,900
- Final Sale Price: $504,000
Timeline
- Purchase Date: 11/06/24
- Listed for Sale: 01/03/25
- Under Contract: 01/11/25
The Strategy
This investor moved quickly, closing on the home in early November and completing renovations in under two months. The upgrades modernized the property while keeping renovation costs in check, ensuring the project stayed on budget.
Instead of pricing at or above the appraised ARV, the investor strategically listed the home just under it at $499,900. This pricing approach attracted more buyer interest and created a competitive environment. As a result, the home quickly went under contract in just eight days—selling for $504,000, over asking price.
Key Takeaways
- Speed Matters: A well-executed renovation timeline helped this investor maximize their return without holding costs eating into profits.
- Market Timing: Listing at the start of the year, when buyers are actively searching, contributed to the quick contract.
- Expert Pricing Works: Pricing just under ARV encouraged multiple offers, proving that overpricing can sometimes push buyers away.
This project highlights how smart investments, fast execution, and the right pricing strategy can lead to big payoffs. If you’re looking to fund your next fix-and-flip deal, Low Tide Private Lending is here to help with fast, flexible financing solutions. Call us at 1-844-LOW-TIDE.