first post on BP

[Anthony Talley]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $63,000
Cash invested: $70,000
Sale price: $215,000

Project Overview:
A E Talley Construction LLC is embarking on a single-family flip project in a traditional row house located in Philadelphia. https://youtu.be/BXD5TU2VCsA?si=rYPoMqzL8hZ8lGPR This project involves renovating and revitalizing the existing property to transform it into a modern, functional, and aesthetically appealing single-family home. With careful planning, attention to detail, and skilled craftsmanship, our goal is to enhance the property's value while preserving its unique character and charm.

Scope of Work:

Initial Assessment: Our team conducts a thorough assessment of the property to evaluate its current condition, identify structural issues, and determine the scope of renovation required.
Design Concept: Collaborating with architects and designers, we develop a design concept that blends contemporary elements with the historic character of the row house, maximizing space utilization and optimizing layout efficiency.
Structural Repairs: Structural repairs and reinforcements are undertaken to ensure the integrity and stability of the building, addressing any foundation issues, roof leaks, or structural deficiencies.
Interior Renovation: The interior of the row house is completely renovated, including the removal of non-load-bearing walls to create open-concept living spaces, installation of new flooring, upgrading electrical and plumbing systems, and installing energy-efficient fixtures and appliances.
Kitchen and Bath Remodeling: The kitchen and bathrooms are transformed with modern finishes, custom cabinetry, quartz countertops, and high-end appliances, creating functional and stylish spaces for daily living and entertaining.
Historic Preservation: Special care is taken to preserve and restore original architectural features such as exposed brick walls, decorative moldings, and hardwood floors, enhancing the property's historic charm and character.
Exterior Enhancements: The exterior of the row house receives a facelift with fresh paint, repaired masonry, restored windows, and landscaping improvements, enhancing curb appeal and contributing to the overall aesthetic appeal of the neighborhood.
Quality Assurance: Throughout the renovation process, our team adheres to strict quality control measures and standards, ensuring that workmanship meets or exceeds industry best practices and building codes.
Finishing Touches: The finishing touches, including interior decor, lighting fixtures, and hardware, are carefully selected to complement the design aesthetic and create a cohesive and inviting atmosphere.
Timeline and Budget:
The single-family flip project in the Philadelphia row house is estimated to be completed within [timeline], with a budget of [budget]. Our team is committed to delivering the project on time and within budget, while maintaining the highest standards of quality and craftsmanship.

Conclusion:
A E Talley Construction LLC is dedicated to revitalizing historic row houses in Philadelphia through thoughtful renovation and restoration projects. Our single-family flip project exemplifies our commitment to preserving the city's architectural heritage while meeting the evolving needs of modern homeowners. With meticulous attention to detail and a passion for excellence, we strive to create homes that not only enhance property values but also contribute to the vitality and character of Philadelphia's neighborhoods.

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

In the blood. Bought 1st house when I was 19 and never looked back

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

They deal came to me. Someone found us on our YouTube channel and the rest was history.

How did you finance this deal?

This was a cash buy. But we us cash, hard money, or investor cash.

How did you add value to the deal?

Added another bedroom and a full bathroom with a full renovation.

What was the outcome?

Value add with a net gain of over $90k . So it was a win.

Lessons learned? Challenges?

Get rental license prior to completion. I lost 1 months waiting for my renter.

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

Not on this one, but we often do.