Updated 12 months ago on . Most recent reply
Second Philly Trinity Row home Completed!
Investment Info:
Townhouse buy & hold investment in Philadelphia.
Purchase price: $142,500
Cash invested: $25,000
We purchased 2 adjacent, tiny rowhomes in the Northern Liberties neighborhood of Philadelphia. They are major BRRRR projects with the main exit strategy being to hold as medium term rentals. The projects finished up and we are super happy with the results. We spent about $80,000 each on renovations and they appraised for $350k each. We have been doing medium term for a few months with less success than we hoped. We will probably pivot one or both to be long term rentals.
- Eric Prine