West Philly Flip

[Monica Williams]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $77,000

3 bed 1 bath 982 sq.ft. row in Cobbs Creek, first floor is fully gutted, upstairs is outdated and needs some TLC. Flip comps trading anywhere from 220-270k, and rental refi comps trading 180-200k.

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

Through New Western

How did you finance this deal?

This was bought with cash.

How did you add value to the deal?

This house is getting fully rehabbed, a new kitchen and bathroom, finishing the basement, and adding a half bathroom on the first floor or in the basement.

What was the outcome?

Still in the rehab stage

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

New Western