Beautiful Flip in South Philadelphia
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $160,000
Cash invested: $40,000
Sale price: $187,500
Three beds 1 bath row-home in a nice block in South Philly. We picked up this deal from a good colleague of ours. Actually went to see it twice before pulling the trigger on it. We ended up keeping it as a three bedroom, but added a new half bath downstairs for usability.
What made you interested in investing in this type of deal?
Short-Term, low risk
How did you find this deal and how did you negotiate it?
Off Market
How did you finance this deal?
Hard Money
How did you add value to the deal?
Full Gut renovation
What was the outcome?
Sold for nearly $40k over ask
@Ley Nezifort That looks really nice so maybe there is a typo,
purchase price + cash invested = 200k but sale price was $187,500?
@Jill F. Yes you are correct. Sale price was $387,500
Originally posted by @Ley Nezifort:@Jill F. Yes you are correct. Sale price was $387,500
LOL, thought so, it looks very high-end. Congrats on the sale and profit. More pics?
@Ley Nezifort Wow that's great you're able to get guts done at those prices, you really must be able to compete!
@Dan Powers Yeah, we GC our own projects. That's why we're able to do it at that price.
@Jill F. Here are some more piks
