Single jingle Home Run in Southwest Section of Philadelphia | #UgoTheInvestor

[Ugochukwu Opara]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $10,000
Cash invested: $90,000
Sale price: $185,000

This was a super damaged property that we had the privilege of bringing back to life

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

It was a deal brought to me via my network.

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

It was a deal brought to me via my network.
One of the lenders that I deal with has a partnership with the city and this was one of the properties that was so badly damaged that they didn't want to deal with it. My team has built a reputation for running into builds that others run out off so they gave us a rang and we sign for the deal.

How did you finance this deal?

Hard Money financed

How did you add value to the deal?

Full gut rehab.

What was the outcome?

Happy home owner

Lessons learned? Challenges?

move faster and get the gas company out as soon as possible since they take for ever if they need to dig the street up and get your gas line back on. This property had been empty for so long that they gas company turn of the gas at the street so it was one of the longest processes I ever had to get it turned back on.

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

I'm a licensed realtor and I have a construction management company so I would recommend my team for both of those matters.