Madera County Fix and Flip Loan, Rustic Charm to Real Estate Gold
Real estate investments come in all shapes, sizes, and locations. At Lantzman Lending, we’re always thrilled to finance projects that push the boundaries of the norm. Recently, we had the pleasure of funding this Madera County fix and flip loan for a project in a more rural area of California. While we often see properties in bustling urban and suburban centers, this project was a refreshing reminder that investment opportunities can be found in more rustic settings too. The basics of real estate investment still hold true: buy low, fix up the property for the right cost, and sell it quickly at the right price.
For rural markets, however, predicting the sales price can be a bit of a wild card. Longer marketing times and scarce comparable sales make it a more complex equation. Yet, with the right strategy and execution, rural properties can turn into real estate gold.
Here’s a glimpse into the journey:
-Purchase Price: $260,000
-Lantzman Lending Loan: $250,000
-Purchase Date: March 2024
-Sale Time: Just over 2 months! Sold in May of 2024
Our investor client snapped up this rural gem in March 2024, and in just over two months, they turned it around in impressive fashion. Selling a rural property this quickly is no small feat, and it’s a testament to the investor’s savvy planning and hard work. This project highlights that, with the right mindset and support, incredible real estate opportunities can be found anywhere. Whether you’re eyeing a chic city condo or a charming countryside cottage, the fundamentals remain the same. Buy smart, renovate wisely, and sell strategically.
Madera County real estate market update:
What is the housing market like in Madera County today?
In May 2024, Madera County home prices were up 4.4% compared to one year ago, selling for a median price of $429K according to the California Association of Realtors. This median home price was down from April 2024 by almost 6.2%. The median price in Madera County market tends to bounce up a down a bit more than other markets due to the relatively low volumes of sales with only 141 homes sold in the county. By comparison, San Diego County registered about 2300 homes sold in the same month.
On average, homes in Madera County sell after 29 days on market which is about considerably longer than the California average of 16 days on market . There were 141 homes sold in May this year, up from 131 last year. Currently there are 4.3 months worth of inventory on the market.
At Lantzman Lending, we’re here to support your real estate dreams, no matter where they take you. Ready to dive into your next fix and flip adventure? Reach out to us today and let’s make it happen together!
Phone: (858) 720-0229
Email: info@lantzmanlending.com
