Case Study: a first-time flipper achieves a profitable first flip with Lima One Capital

first-time flipper sells Mauldin flip $10K above asking with Lima One Capital

A first-time flipper found an opportunity to purchase a 2,800 square foot home in Mauldin, SC, that was ideal for a renovation but required a major update. The investor needed the right financing solution to capitalize on the property's potential upside in its appealing location. Lima One Capital provided a fix and flip loan for this project.

Lima One Capital financed the project with a 74% blended loan-to-cost loan, which covered both the purchase and the rehab budget. The solution enabled the flipper to complete the renovation in just four months and subsequently sell the property for $10,000 above the asking price. This successful first flip resulted in a larger-than-expected profit, preparing the investor for future projects.

First-time Flipper