Looking for funding on deal in Philadelphia

[Adam Lopate]

Looking for financing for rehab in up and coming Philly neighborhood of Brewerytown. Would need 200k all together for the purchase price and rehab. Purchase price is 108k. I already have a written quote of 80k given by a licensed contractor. The basement was already dug and repoured with french drain. Inside was already gutted and demoed. In shell condition for quick easy rehab. Project should take 3-4 months to finish, and be ready to go on the market for spring. House on same street sold for 249.9k in Dec 2018 with similar house dimensions. I am also sure I can cut some rehab cost during the purchase of materials. 

Purchase Price- 108k

Rehab- 80k

Arv- 250k

over 20% ROI

[Irfan Raza]

@Adam Lopate If i was in your position, I would just wholesale this property for more money than you would get flipping and save yourself the time and troubles.  I am pretty active in Brewerytown and know that there is likely a spread if you wholesale.