BRRRR project we recently bought 2/2.

[Eric Prine]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $142,500
Cash invested: $25,000

We purchased 2 adjacent, tiny rowhomes in the Northern Liberties neighborhood of Philadelphia. They had previously been combined into one house. We are separating them back into 2 properties. The are major BRRRR projects with the main exit strategy being to hold as medium term rentals.

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

Location!

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

on the MLS. my client had it under contract but it didn't work out for her. so we bought it.

How did you finance this deal?

Hard money with Rehab Financial Group

How did you add value to the deal?

full renovation pending