BRRRR project we recently bought 1/2.
Investment Info:
Townhouse buy & hold investment.
Purchase price: $142,500
Cash invested: $25,000
We purchased 2 adjacent, tiny rowhomes in the Northern Liberties neighborhood of Philadelphia. They had previously been combined into one house. We are separating them back into 2 properties. The are major BRRRR projects with the main exit strategy being to hold as medium term rentals.
What made you interested in investing in this type of deal?
location, location, location
How did you find this deal and how did you negotiate it?
my client had it under contract. when she wasn't able to purchase it, i decided to do so.
How did you finance this deal?
hard money with Rehab Financial Group
How did you add value to the deal?
it will get a full renovation
What was the outcome?
TBD
- Eric Prine