At Low Tide Private Lending, we love celebrating our borrowers’ successes, and this Beaufort, SC flip is a great example of the value of smart investing and leveraging market opportunities.
The Numbers
- Purchase Price: $185,000
- Appraised ARV (After Repair Value): $290,000
- Listed Price: $319,000 (July 2023)
- Final Sale Price: $335,001
This property was purchased for $185,000 in the growing Beaufort market, with an appraiser valuing the property at $290,000 post-rehab. The investor, confident in the home’s potential, completed the necessary renovations and listed the property for $319,000. The market demand in Beaufort was strong, and within just two weeks, the property sold for $335,001—far exceeding the original ARV.
The Key to Success
Several factors contributed to this profitable sale. First, Beaufort is a sought-after area known for its charm and coastal living. The investor made strategic upgrades to align with market demand, adding modern touches that appealed to buyers looking for move-in-ready homes. Additionally, pricing the home just below its market potential helped create interest and led to competitive offers, ultimately driving the sale price up.
This flip is a great reminder of how well-planned renovations, smart pricing, and market timing can maximize returns. If you’re interested in similar opportunities or need fast funding to jump on your next investment, Low Tide Private Lending is here to help.