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27
Posts
8
Votes
Dziko Thunde
  • Flipper/Rehabber
  • Secane, PA
8
Votes |
27
Posts

Funding needed ASAP to refinance a fix n flip in Philadelphia PA

Dziko Thunde
  • Flipper/Rehabber
  • Secane, PA
Posted Jul 20 2018, 10:36

Looking for a lender to refinance 100% Purchase price and 100% Rehab. I already have over $35,000 in the deal

____________________________________________________________________________________________________________________

Address: 1011 Woodside Ave, Clifton Heights, PA 19018

Purchase price $82,000

Rehab budget $75,000

ARV $250,000
____________________________________________________________________________________

Description
Single Family Residence
Originally (before rehab)
- 4 bedrooms (2 bedrooms on main floor and 2 bedrooms on second floor);
- two bathrooms on main floor;
- two unheated side rooms (one with glasses and another like a screened porch)
- square footage 2025sq ft
- 1 car garage
- full unfinished basement
- inground swimming pool
- wire fence
After rehab
- 3 bedrooms (2 bedrooms on main floor and 1 bedrooms on second floor -
master bedroom ensuite);
- 1 bathrooms on main floor;
- 1 bathrooms on second floor in master bedroom
- two insulated and heated side rooms:1 sunroom and 1 built-in office (adding 200 sq ft to
the sq footage of the house)
- square footage 2225sq ft
- 1 car garage
- full unfinished basement
- landscaped piece of green grass where inground swimming pool existed (after breaking it
and filling it up)
- 12 x14 wooden deck at the rear of house
- wooden fence
______________________________________________________________________

List of improvements / Budget of repairs

Summary: Remove bathroom between kitchen and dining, and part of living room wall to create open concept; hardwood flooring running from living room door to kitchen door. Combining the two bedrooms upstairs to make master ensuite with a bathroom having a shower and bathtub separately and a twin sink vanity; walk-in ward robe and large carpeted bedroom (open plan ensuite);

__________________________________________________________________________________________________________________ Total rehab budget $75,000

- Replace windows with new thermos pane windows                      7000
- Replace or refinish all doors (garage door, exterior
door and interior doors)                                                                         2500
- Electrical (rewire whole house with wiring)
replace all electrical fixtures and fittings                                              8000
- Plumbing fittings and fixtures for kitchen, baths,
washer and dryer                                                                                      4000
- Framing/insulation and drywall 4000
- Kitchen (cabinets, appliances, backsplash and countertop)             8000
- Flooring for entire house (hardwood (85 % of main floor)
carpets in bedrooms; ceramic tiles in bathrooms                               5000
- HVAC (ducts and central air system)                                                    8000
- New roof (replace old roof with architectural shingles)                    7000
- Install new rear deck                                                                                3500
- Repair front porch                                                                                    1500
- Install wooden fence/ landscape/ walk ways and retaining wall      3500
- Install new drive way (removing and replacing the old one)             5500
- Painting (interior and exterior)                                                               4500
- Contingency                                                                                               3000

____________________________________________________________________________________________________________________

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