First BRRRR! Triplex - Philadelphia, PA (2017)

[Alex Capozzolo]

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Philadelphia.

Purchase price: $133,500
Cash invested: $61,000

Contributors:
Jon Sanborn

Our first BRRRR! An amazing learning experiences, lots of ups and downs, made mistakes and made money!

NEIGHBORHOOD: Allegheny West in Philadelphia - Triplex!

DEAL FIND: We found the deal on the MLS, but it was first posted on HubZu, which is linked to Philly's MLS. HubZu is an Auction Site, and the property was bank owned.

FINANCING: Crowd sourcing $ from a family friend. This was our first time ever asking for money (isn't as scary as you think once you try it!). We knew the neighborhood w

Lessons learned? Challenges?

Contractors ... are the worst. Set proper expectations, and put everything in writing!