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Updated almost 6 years ago,

User Stats

11
Posts
4
Votes
Adam Lopate
  • Real Estate Agent
  • Philadelphia, PA
4
Votes |
11
Posts

Looking for funding on deal in Philadelphia

Adam Lopate
  • Real Estate Agent
  • Philadelphia, PA
Posted

Looking for financing for rehab in up and coming Philly neighborhood of Brewerytown. Would need 200k all together for the purchase price and rehab. Purchase price is 108k. I already have a written quote of 80k given by a licensed contractor. The basement was already dug and repoured with french drain. Inside was already gutted and demoed. In shell condition for quick easy rehab. Project should take 3-4 months to finish, and be ready to go on the market for spring. House on same street sold for 249.9k in Dec 2018 with similar house dimensions. I am also sure I can cut some rehab cost during the purchase of materials. 

Purchase Price- 108k

Rehab- 80k

Arv- 250k

over 20% ROI

Looking for

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