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Updated 1 day ago on . Most recent reply

Eric Prine's profile image
Eric Prine's profile image
Eric Prine
  • Real Estate Agent
  • from Philadelphia
  • Member since Aug 5, 2019
  • Posts 26
  • Votes 16
  • Experience 7 Yrs
  • Investments 7
Connect

User Stats

26
Posts
16
Votes
Eric Prine's profile image
Eric Prine's profile image
Eric Prine
  • Real Estate Agent
  • from Philadelphia
  • Member since Aug 5, 2019
  • Posts 26
  • Votes 16
  • Experience 7 Yrs
  • Investments 7
Connect
Eric Prine
  • Real Estate Agent
  • Philadelphia
16
Votes |
26
Posts
Real Estate Deal Analysis & Advice

BRRRR to Flip, Decided to sell a property.

Eric Prine
  • Real Estate Agent
  • Philadelphia
Posted

Investment Info:

Single-family residence fix & flip investment in Philadelphia.

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

We decided to sell this property after successfully BRRRRing it. We had good renters in place for about a year. We decided to sell it and recapture the equity. The tenants wanted to buy it. We sold it to them for $370,000 and had an $80k profit.

  • Eric Prine
1 Vote
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