Transitional house in Philadelphia

[Dayna K hicks]

Investment Info:

Other buy & hold investment.

Purchase price: $395,000
Cash invested: $92,000

13 Bedrooms and 13 Bathrooms suites, for a transitional house for youth coming out of foster care

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

I am a current foster parent and I have been n this business for 40 years. this is a passion of mine and I wanted to give back

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

Just stumbled upon it and saw that it was fit to do the business of my non profit

How did you finance this deal?

personal funds and family investors

How did you add value to the deal?

completed the finishing touches, but it was pretty much a turn key deal

What was the outcome?

It is not rented to a non profit and

Lessons learned? Challenges?

keep a hvac person on your team

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

of course i used my personal agent