Fix and rent in west phila

[Stephen Mahler]

Investment Info:

Single-family residence buy & hold investment in Phila.

Purchase price: $58,000
Cash invested: $72,000

Sfh in cobbs creek section of phila. Total rehab took 8 months(much longer than planned). total cash invested after refi - 10,418
COCROI - 32.63%

How did you finance this deal?

HELOC from primary residence

How did you add value to the deal?

Total rehab top to bottom

What was the outcome?

Refi to get most cash out and rented it out

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

Trumark Financial credit union for refi