My first flip (philly)

[Thomas Montgomery]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $40,000
Cash invested: $70,000
Sale price: $170,000

Increased the vale in the market by $20,000

Purchased Hard Money 85% purchase 100% rehab 1st draw provided

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

Needed capital to continue investing

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

Found property personally off market

How did you finance this deal?

Hard Money

How did you add value to the deal?

Modern updates & Extra bathroom

What was the outcome?

Sold above asking

Lessons learned? Challenges?

Have multiple contractors lined up

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

I worked with a agent to sell it. I found it off market and wholesaled it to myself.