BRRRR to Flip, Decided to sell a property.

[Eric Prine]

Investment Info:

Single-family residence fix & flip investment in Philadelphia.

Purchase price: $175,000
Cash invested: $60,000
Sale price: $370,000

We just closed on our latest BRRRR project. We'll be renovating it over the next several months and then getting a renter in it.

1/16/23 Update. Our renovation in nearly complete. it should be done by the end of the month. I'm very happy with the process so far. I'll update with photos and costs.

UPDATE
We have completed the renovation and are very happy with how it came out. The reno ended up costing about $65,000. We have renters who just signed a new 2 year lease for $2400. We are now working on the cash out refi.

UPDATE
We decided to sell this property. We sold it for $370,000 and had an $80k profit.