Main Line Single Family Flip

[Dan Powers]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $259,000
Cash invested: $125,000

This fantastic flip opportunity was located in the heart of the Main Line in Bryn Mawr. While this house needed everything top to bottom, it's going to make my investor a fantastic return since everything in the area is selling with single DOM and over ask.

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

What made my investor interested in this deal was the location. It's quite hard to beat the demand the Main Line brings, especially in this market. The project was a straightforward full gut rehab, while it is an expensive project being a 6-figure rehab, it's overall an easy project for my investor. Finally, the return, expecting

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

This deal was sourced through the New Western Acquisition marketplace and was sold as a first come first serve basis.

How did you finance this deal?

This deal was purchased with cash.

How did you add value to the deal?

Value is being added everywhere to this property, a complete remodel of the interior, completely new mechanicals, cosmetics, and reconfiguring the layout to add another bedroom to the house.

What was the outcome?

The outcome is going to be a completely rehabbed house, that is going to sell 515k+

Lessons learned? Challenges?

This was a smooth cash closing, no problems.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Dan Powers - New Western Acquisitions