Multifamily flip for quick return

[Damian Smith]

Investment Info:

Small multi-family (2-4 units) fix & flip investment in Philadelphia.

Purchase price: $45,000
Cash invested: $55,000
Sale price: $185,000

Great investment property

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

Know the area

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

Canvas area

How did you finance this deal?

Hard money

How did you add value to the deal?

Rehab

What was the outcome?

Sold without listing

Lessons learned? Challenges?

Find the right deal and you can make a nice return

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

Yes