PA Fix & Flip

[Thomas Whelchel]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $65,000
Cash invested: $86,000
Sale price: $114,500

I partnered as the lender on a single-family fix & flip in Altoona, PA. My role was providing the capital while the operating partners managed the rehab, listing, and sale. It was a solid collaboration that allowed them to focus on execution while I supported the financial side.

What made you interested in investing in this type of deal?

I enjoy helping other investors push deals forward when traditional financing might slow things down. For me, this was an opportunity to back a local project, build new relationships, and gain more experience working with flippers.

How did you find this deal and how did you negotiate it?

This came through my network in the SubTo and Gator communities. Negotiations were handled with the support of a professional Transaction Coordinator, which kept the process smooth between myself and the borrowing partners.

How did you add value to the deal?

Beyond funding, I worked closely with the team when unexpected challenges came up. We were able to adjust quickly and reach solutions that worked for everyone, which kept the project moving toward a successful exit.

What was the outcome?

The property sold for $114,500, and all partners exited profitably. More importantly, we built a strong working relationship that can carry into future projects.

Lessons learned? Challenges?

Work closely with the title company and borrower early on to set up regular funding draws — that prevents surprises during the rehab phase.

Consider a pre-work inspection to uncover potential hang-ups before hitting the market.