Looking for a $40K INVESTMENT 4 50% ROI for PHILLY SFH IN 1 year

[April Molina]

HI BP, 

I am under contract for this house 1411 E Moyamensing ave scheduled to close beginning of march. The house sits in a very good street in a very good neighborhood. Comps are $615-$675K area and my Reno budget is $110K which my contractor bid me. I negotiated it down from $125k, by subbing a few things. I have a very good relationship with my contractor and in previous gigs, I have subbed many things like floor, carpets, roof etc to bring cost down... We are buying the house for $335k. I did my numbers and left room for any mishap.

PP- $335k

Reno- $110K

Closing + MISC - $45k

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ALL IN $490K

Rehab - 16 weeks or less 

Your investment will help fund partial rehab and you will not need to be hands on at all. If you think this may be something you're interested in, I can send MLS comps, referrals and draw. Although you won't need to be hands on you are free to visit the site in its stages whenever and I would be very transparent with everything going on.

ASK ME FOR REFERRALS

Please PM if interested. 

Thanks