Duplex w/ Garage - bought on MLS in Philadelphia - BRRRR

[Alex Capozzolo]

Investment Info:

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

Purchase price: $138,000
Cash invested: $60,000

Contributors:
Jon Sanborn

Our Team purchased our 2nd official property! Duplex in Strawberry Mansion, Philadelphia PA - 19121. Big property that even has an attached garage! Just finished getting the permits from the city for the Renovations, plan is the BRRRR this one. Not sure if we'll be able to pull all of our money back out, but we hope to be close! Reno starts this month! Stay tuned :)

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

The numbers are almost perfect for an ideal BRRRR

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

MLS, which doesn't happen very often but we got lucky!

How did you finance this deal?

Crowdfunded the capital - funded by 1 private investor - my partner and I created a thorough 30-slide powerpoint, reviewing details on Philly, the specific neighborhood, our rehab plans, and our track record.