Prime Northeast Philadelphia Flip

[Louise Cornell]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $390,000
Cash invested: $150,000

Closed first week of January. Massive off market property in a prime section of Northeast Philly. Homes in the area sell for $600,000 - $700,000 in outdated condition. My investor will be fully gutting the property and bringing it back to life. Excited to see what comes of the project! Will post updated photos when I have them.

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

The agent working with the sellers was referred to me by another agent who I've done multiple pocket listings with.

How did you finance this deal?

Hard money lender. My buyer used Sherman Bridge Lending who was able to do a refi on one of his properties which he used as his cash to purchase the property.